TDS
This query is : Resolved
20 August 2010
ABC LTD gets a fixed amount from its customers as toll charges for parking their vehicles. Whether TDS on rent or contract is applicable here.
20 August 2010
Sec 194C will be attracted.
20 August 2010
It should be deducted u/s 194I since charges are paid for usage of the land and there is no contract of work and labour here for deduction u/s 194C.
It has held in the case of Kohinoor Infrastructure Ltd. V/s CIT(A) Mumbai that pay & park charges are liable for deduction u/s 194I.
It has held in the case of Kohinoor Infrastructure Ltd. V/s CIT(A) Mumbai that pay & park charges are liable for deduction u/s 194I.
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20 August 2010
Payments made for landing and parking charges shall be deemed to be rent and the same would warrant deduction of tax at source u/s 194–I. CIT Vs Asiana Airlines 175 Taxman 177 (Del.)
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