banner_ad

Warehousing & Storage

This query is : Resolved 
Profile Image

Profile Image

(Querist)
16 November 2007 Hi,

Currently my client is owning a warehousing and which is given on rent for storage purpose.

What percentage of TDS should be deducted by lessor.

He is individual with receipt less than 10 lacs.

I will appreciate your answer supporting case law.
Profile Image

Amarjeet Singh

Profile Image

Amarjeet Singh (Expert)
16 November 2007 TDS shall be deducted of your client as TDS is deducted by lessee not by lessor.As your client is individual having income less than Rs 1000000 applicables rate for the financial year 07-08 is 15.45% u/s 194I
Profile Image

jatin kapoor

Profile Image

jatin kapoor (Expert)
16 November 2007 agree with amarjeet singh
Profile Image

KAAPIL

Profile Image

KAAPIL (Expert)
16 November 2007 I second Mr. Singh.
Profile Image

o.velavan

Profile Image

o.velavan (Expert)
18 November 2007 I agree with Mr amajeet.Pl.See also circular No:718-dated 22.8.1995-question no 2
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
02 May 2026
Experience Audit Manager

AGGARWAL SAMIR & CO

New Delhi

CA Inter

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details