Tds on warehousing

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 November 2012 Dear Experts,

Tds Are applicable in warehousing???????

If Yes,than which section and what %

06 November 2012 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, the warehousing charges will be subject to deduction of tax under section 194-I.

Rate 10%
Threshold Limit - 1.80 Lacs Per Annum.



Please refer:
Circular No. 718 dated 22.8.1995


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