tds deduction

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Mr Kumar H Ravnekar (Querist)
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15 June 2011 if payment made to maharashtra state warehousing corporation for warehousing charges shall be consider for tds deduction under 194 I

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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15 June 2011 Payment made to Maharashtra state warehousing corporation for warehousing charges shall be consider for tds deduction under 194 I

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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15 June 2011 CBDT Circular 718, explaining the specific question of TDS on warehousing charges, states that the term `rent', as defined in Explanation (i) below Section 194-I, means any payment by whatever name called, under any lease, sub-lease, tenancy or any other agreement or arrangement for the use of any building or land. Therefore, warehousing charges will be subject to deduction of tax under Section 194-I.

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