194i vs 194c

194I means TDS on Rent. 194C TDS on Contract. The query given by u is relates to 194C because the amount paid by them in a Contract basis. So Upto my knowledge 194C applies to ur Query

I am doing  a tax practitioer in my area,  and  I dont  know ho to registered as registered practitioner in  odisha, and what are the requirements for registered practioner ,  sir please suggest me

 

 

@ Chirag

When u make payment directly to warehouse it comes under sec 194I.Warehousing charges will be subject to deduction of tax under section 194-I.

But when the same payment is made to agent it becomes a contract with agent,so I believe Sec 194C applicable

lets take suggetions from others.
 

Here regarding TDS under section 194C or 194I, it should be checked who has raise a bill. If the agent is raising the bill with whom you are having a contract and he is taking care of such activities, then 194C comes to picture. If bill is raised by ware house to you then 194I is applicable.

Originally posted by : CA. NARAYAN BHANDARI
	Here regarding TDS under section 194C or 194I, it should be checked who has raise a bill. If the agent is raising the bill with whom you are having a contract and he is taking care of such activities, then 194C comes to picture. If bill is raised by ware house to you then 194I is applicable.

yes agree....

but my client is paid to agent for warehose charges paid by him on behalf of my client so it is reimbursement of charges then how we charge 194c??

Hi, Further to my prior reply to your question, I would like to update you that if your agent is paying warehousing charges and those warehousing bill is raised to your agent, then agent may deduct TDS under section 194I for paying the amount to warehouse for which he will get TDS credit which is reflected on 26AS. For your further inforamtion I am attaching a Circular No. 718 dated August 22,1995. This is as follows: The term "rent" as defined in section 194I means any payment by whatever name called , under 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 194I. So, 194I applies to your agent and not to you.