TDS on cooling charges paid to the cold storage Under Section 194-I to payments made by the customers on account of

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..... TDS on cooling charges paid to the cold storage Under Section 194-I to payments made by the customers on account of
News and Press Release
Dated:- 21-1-2008

An issue was raised before th .....

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..... e CBDT to clarify the applicability of TDS on cooling charged paid to cold storage owners. CBDT has issued a Circular No. 1/2008 Dated 10-1-2008 and clarified that: "Since the arrangement between th .....

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..... e customers and cold storage owners are basically contractual in nature, the provision of section 194-C will be applicable to the amounts paid as cooling charges by the customers of the cold storage." .....

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..... Therefore, TDS under section 194-I shall not be deducted. (Income Tax Chapter - XVII - B - COLLECTION AND RECOVERY OF TAX - B. - Deduction at source)
News - Press release - PIB .....

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