TDS Rate
This query is : Resolved
06 November 2020
Sir,
At what rate the TDS Should be deducted for Warehouse Rent
At what rate the TDS Should be deducted for Warehouse Rent
06 November 2020
10% TDS applicable under section 194I.
Message likes :
1 times
08 November 2020
Thank u sir
I have been Encountering a problem. Is there Any Difference Between Storage Chargges & Ware House Rent , If there is a Difference At what rate TDS Should be deducted for both.
I have been Encountering a problem. Is there Any Difference Between Storage Chargges & Ware House Rent , If there is a Difference At what rate TDS Should be deducted for both.
09 November 2020
1)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. Pl refer CBDT CIRCULAR 718 DATED 22/8/1995. 2)If the storage charges is paid towards "cold storage space utilization" 94I will not attract,but 194C applies. Pl refer CBDT CIRCULAR 1/2008 DATED 10/01/2008.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Form 121 & TDS deduction
- Invoice V/S Goods receipt Note Date
- LC charges in relation to Asset purchased should be Capitalised ?
- Multiple trade mark
- Copyright software
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Transporter Declaration form
- Regarding appeal to GSTAT
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
