20 August 2010
ABC LTD gets a fixed amount from its customers as toll charges for parking their vehicles. Whether TDS on rent or contract is applicable here.
20 August 2010
It should be deducted u/s 194I since charges are paid for usage of the land and there is no contract of work and labour here for deduction u/s 194C. It has held in the case of Kohinoor Infrastructure Ltd. V/s CIT(A) Mumbai that pay & park charges are liable for deduction u/s 194I.
20 August 2010
Payments made for landing and parking charges shall be deemed to be rent and the same would warrant deduction of tax at source u/s 194–I. CIT Vs Asiana Airlines 175 Taxman 177 (Del.)