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.
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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.
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