Tds on rent for cold storage

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Querist : Anonymous

Querist : Anonymous (Querist)

23 December 2011 When we pay charges for holding goods in Cold storage:
TDS to be recovered under section 194C or 194I?

Please suggest applicable laws/rules also.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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23 December 2011 TDS will be deducted u/s 194C as cold storage owners provide a composite service.

For details see below link---

http://www.simpletaxindia.net/2008/01/tds-on-cold-storage-rent-194c-or-194-i.html

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Querist : Anonymous

Querist : Anonymous (Querist)

23 December 2011 Which section is applicable if we store goods in Godowns(not cold storages)? (Ex. goods stored in CWC/SWC)

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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23 December 2011 Then you will be paying Godown Rent and Section 194I will be applicable.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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23 December 2011 1) Payment to cold storage is covered under section 194C vide CBDT Circular no. 1 dated 10/01/2008.

2) Warehousing charges is covered under section 194I vide CBDT Circular no. 718 (question no.3) dated 22/08/1995.

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