Tds on rent of packing material

TDS 8739 views 16 replies
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Asst. Manager Accounts
48 Points Joined May 2012

We are a manufacturing Automotive Company and we are paying rent for our packing material.

I want to know if there is any liability of TDS is there, if yes then kindly let me know in which head I have to deduct the TDS on what rate.

 

Kindly help me plsssssss

 

 

Regards

 

Ravinder Singh

 

 

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On 27 November 2013 at 12:05 Report
Replies (16)
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CA Practice
90 Points Joined November 2013

charges paid for packing material

194c @ 2% as it is company.

Is it rent for packing material or charges??

1 Reply
On 27 November 2013 at 12:27
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Student CA IPC / IPCC
73 Points Joined October 2012

194c(1) payment to contractors--------if amount exceeded Rs. 30000/- for single payment
tds rate 2%

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On 27 November 2013 at 12:34
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Asst Manager Finance
26 Points Joined November 2013

Hi,

For this TDS to be duducted u/s 194 C @ 2% in case of Co/Firm or 1% in case of individual.

Regards

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On 27 November 2013 at 12:37
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IPCC
25 Points Joined July 2011
Its a kind of contract so tds should be deducted u/s 194c
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On 27 November 2013 at 14:07
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Wealth Manager
5293 Points Joined December 2008

Are you paying rent to a warehouse company for storing your packing material? If you are paying more than 180,000/- pa then TDS u/s 194I will have to be deducted.

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On 27 November 2013 at 14:24
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Job
32 Points Joined August 2012
Packing meterials naught on rent aa ?? I didn't get the transaction
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On 27 November 2013 at 14:25
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.
58 Points Joined October 2013
specify the transaction in detail...
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On 27 November 2013 at 14:43
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CA
25 Points Joined September 2013
Elaborate the transaction...why do u pay rent on use of packing material..
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On 27 November 2013 at 15:11
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student
29 Points Joined January 2011
Lack of clarity in the question.....can any one explain me this question clearly....
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On 27 November 2013 at 15:37
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Student CA Final
21 Points Joined December 2012
you are manufacturer and paying rent for storage of packing material..so its is a rent and tds u/s 94 I
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On 27 November 2013 at 17:29
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Article
48 Points Joined February 2010
194c @ 2% as it is contract
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On 27 November 2013 at 19:09
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Account Executive
42 Points Joined October 2012
Tds on Rent @ 10% any kind of ware house or shop
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On 27 November 2013 at 19:42
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Account Executive
42 Points Joined October 2012
Tds on Rent @ 10% any kind of ware house or shop u/s 94 l
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On 27 November 2013 at 19:45
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Proprietor
21 Points Joined November 2013
I think that it is rent on movable assets so it is fall under sec. 194I so tds would be @ 2%.
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On 27 November 2013 at 19:48


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