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
charges paid for packing material
194c @ 2% as it is company.
Is it rent for packing material or charges??
194c(1) payment to contractors--------if amount exceeded Rs. 30000/- for single payment
tds rate 2%
Hi,
For this TDS to be duducted u/s 194 C @ 2% in case of Co/Firm or 1% in case of individual.
Regards
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.
BHUPINDER SHAH AND COMPANY
New Delhi
CA Inter
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