Tds on warehousing charges

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Prakash Satalgaonkar (Querist)
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19 August 2013 As a company we are making payments towards warehousing charges to Central Railside Warehousing Company Ltd. (A government of India Enterprises). Whether TDS is applicable and at what rate? Kindly guide me. Thanks in advance

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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19 August 2013 Yes if conditions mentioned under sec 194-I is satisfied then u need to deduct tds.

Ganeshbabu K

Ganeshbabu K (Expert)
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19 August 2013 In my opinion tds not applicable as payee covered in section 196..

Please note central rail side company ltd is fully owned subsidiary of Central Warehousing Corporation..So TDS not applicable on payments made

Prakash Satalgaonkar

Prakash Satalgaonkar (Querist)
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25 September 2013 We had discussions with the company people itself (CRWCL) and they suggested to deduct the TDS. So we are deducting the TDS @ 10% for warehousing charges and @ 2% for loading/unloading charges. Due to auditors query I raised this issue.

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