Generally the nature of contract is identified from the agreement executed between the parties and the term sa n dconditions mentioned in it.
As per your explanation, the warehouse vendor has only given you rate list for warehousing. In my opinion whether it will be only hiring service or complete management service depends upon the following:
1. The service which he mentions on the monthly invoices raised by him
2. If only rental charges - 194I will be applicable
3. If hiring +loading & unloading + security - 194C will be applicable.
What are the TDS obligations on rental payments for storage services under a single rent agreement involving a storage owner, a Farmer Producer Company (FPC), a Farmer Producer Organisation (FPO), and NAFED, especially considering that the storage is provided to the FPC as a subcontractor for the FPO but End user is NAFED?
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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