Tds on warehouse management fee.
This query is : Resolved
19 June 2014
What should be the TDS rate on Warehouse Management Fee charged by Clearing and Forwarding Agent.
19 June 2014
TDS to be deducted u/s 194C.
Rate:
Individual/HUF @1%
Others @2%
No PAN 20%.
Threshold Limit:
Single Bill Rs 30000/-
Annual Payment Rs 75000/-
Rate:
Individual/HUF @1%
Others @2%
No PAN 20%.
Threshold Limit:
Single Bill Rs 30000/-
Annual Payment Rs 75000/-
19 June 2014
Follow 194 J as it is fees for technical or professional service
Rate- 10%
Limit- 30,000
Rate- 10%
Limit- 30,000
19 June 2014
194C deduct the TDS @ 1% or 2%
20 June 2014
Not agree with Rupesh. It is not work contract. It is management fee which comes under the preview with fee for technical/professional service
20 June 2014
Warehouse management fees of CFA not covered under section 194J.
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