Tds on warehousing charges
This query is : Resolved
19 August 2013
As a company we are making payments towards warehousing charges to Central Railside Warehousing Company Ltd. (A government of India Enterprises). Whether TDS is applicable and at what rate? Kindly guide me. Thanks in advance
19 August 2013
Yes if conditions mentioned under sec 194-I is satisfied then u need to deduct tds.
19 August 2013
In my opinion tds not applicable as payee covered in section 196..
Please note central rail side company ltd is fully owned subsidiary of Central Warehousing Corporation..So TDS not applicable on payments made
Please note central rail side company ltd is fully owned subsidiary of Central Warehousing Corporation..So TDS not applicable on payments made
25 September 2013
We had discussions with the company people itself (CRWCL) and they suggested to deduct the TDS. So we are deducting the TDS @ 10% for warehousing charges and @ 2% for loading/unloading charges. Due to auditors query I raised this issue.
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