TDS ON DETENTION CHARGES

17 June 2021

I'm a partnership firm, I've paid rs 1 Lacs as detention charges, and I'm liable to audit shall I deduct TDS, is it under 194C?

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5 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 17 June 2021

Yes 194C is applicable

CMA Poornima Madhava (CMA) (13097 Points)
Replied 17 June 2021

What kind of detention charges? Whom is it paid?

Karan Prajapati (170 Points)
Replied 17 June 2021

Due to covid situation goods were lying with the shipping company, hence for compensation detention charges were paid to the company

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 17 June 2021

194C may be applicable

Ankit Neema (2742 Points)
Replied 17 June 2021

TDS 194C is applicable

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