An Limited Company keeping their agricultural items (Onion, Garglic & other agricultural produced) in cold storage of an private Limited Company & paying cold storage charges / rent on per kg basis.
CBT Circular No. 1/2008 dt 10.01.18 and explanation (1) of Section 194I are creating confusion regarding applicablity of TDS Section & rate of TDS.
So, please let me know applicability of TDS u/s 194C or 194I & rate of TDS.
Mohan Jain
Mob. No. 9755354773
Email ID: jain_mohan @ yahoo.co.in
As you are paying remuneration on Kg. basis, its not rent; but storage charges and hence as per circular no. 1/2008, TDS u/s. 194C will be applicable.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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