Tds on central warehousing corporation
This query is : Resolved
Vijay Kumar Vyas
(Querist)
24 April 2019
is tds is application on central warehousing corporation or not
KAVIRAJA ADDANGADI
(Expert)
24 April 2019
Certificate u/s 197 of Income tax Act, 1961 for deduction of TDS at lower rate of 5 % on Storage & Warehousing Income u/s 1941 for FY - 2018-19
Vijay Kumar Vyas
(Querist)
25 April 2019
actually my assesseee is paying rent to central warehousing corporation can he has to deduct tds on it
thanks in advance sir
thanks in advance sir
Dhirajlal Rambhia
(Expert)
27 September 2021
Yes, U/s. 194I if liable to audit u/s. 44AB in preceding year; otherwise u/s. 194IB; subject to amount of rent paid as per the limit specified in the section/s.
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