Ravinder Singh (Asst. Manager Accounts) (48 Points)
27 November 2013We are a manufacturing Automotive Company and we are paying rent for our packing material.
I want to know if there is any liability of TDS is there, if yes then kindly let me know in which head I have to deduct the TDS on what rate.
Kindly help me plsssssss
Regards
Ravinder Singh
ca sweeti gulati
(CA Practice )
(90 Points)
Replied 27 November 2013
charges paid for packing material
194c @ 2% as it is company.
Is it rent for packing material or charges??
Gaurav Toksha
(Student CA IPC / IPCC)
(73 Points)
Replied 27 November 2013
194c(1) payment to contractors--------if amount exceeded Rs. 30000/- for single payment
tds rate 2%
Swati
(Asst Manager Finance)
(26 Points)
Replied 27 November 2013
Hi,
For this TDS to be duducted u/s 194 C @ 2% in case of Co/Firm or 1% in case of individual.
Regards
SANTOSH P. NANKANI
(IPCC)
(25 Points)
Replied 27 November 2013
Mihir
(Wealth Manager)
(5293 Points)
Replied 27 November 2013
Are you paying rent to a warehouse company for storing your packing material? If you are paying more than 180,000/- pa then TDS u/s 194I will have to be deducted.
Harish
(Job)
(32 Points)
Replied 27 November 2013
Anjali Khatri
(CA)
(25 Points)
Replied 27 November 2013
gopi kancharla
(student)
(29 Points)
Replied 27 November 2013
Prem Singh
(Student CA Final )
(21 Points)
Replied 27 November 2013
Ankit Goel
(Account Executive)
(42 Points)
Replied 27 November 2013
Ankit Goel
(Account Executive)
(42 Points)
Replied 27 November 2013
pradeep
(Proprietor)
(21 Points)
Replied 27 November 2013
CAclubindia
