Tds on lfr on petrolium product

I have one client having Petrol Pump. IOC charged LFR (License Fees Recovery) Charges in Invoice. Is there any TDS provision on LFR charges. 

I have one circular received from petrolium association Which is attached.

In that, It is specify rate of 2 % and 10% accordingly SIte A and B. If its deducted TDS, then under which section of TDS.??

Please help me soon.


Attached File : 1428072 20180508112456 draft 16 04 2018 final.pdf downloaded: 3893 times
Replies (3)

It should be u/s. 194-I

'A' sites are outlets where the land is owned or leased by the OMCs 

Dealers at 'B' sites own or lease the land and building, but Equipment is owned by the OMCs.

I have also one client having Petrol Pump IOC Charged LFR (Licence Fee Recovery) Charges in invoice. My client has been left TDS  Sec.194I on LFR  till date. which will be come penalty come till date on LFR TDS.

What entry passes of LFR TDS sorry sir for cheep questions.

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