Whether TDS applicable ?
This query is : Resolved
12 October 2009
We are a public limited company belonging to food processing unit and our nature of business is sale of milk and ice-cream. In an institutional sale scheme, we have an agreement with the authorised railway catering service provider who will allow us their space for a support sale of milk and ice-cream from their stall for which we have to pay them a license fee for support of catering? Now, whether, this can be brought a contract of sale of space or otherwise? Whether any tds on our part is applicable? please help?
12 October 2009
I am sorry it's not sale of spece but renting of space. Though we are making the payment as license fee there is a cluse in the agreement against which we have pay the municipal tax also.
12 October 2009
TDS u/s 194I should be deducted. Since "Rent" means any payment, by whatever name called, under any lease, sub-lease, tenance or any other agreement or arrangement for the use of any- land or building or land appurtenant to a building (including factory building).
Further, whether or not any or all of the above are owned by the payee.
Further, whether or not any or all of the above are owned by the payee.
12 October 2009
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