Monday, 14 January 2013

TDS ON PARKING CHARGES

TDS ON CAR PARKING CHARGES:

Hi frnds,

From such a long period i was looking for clarification on the above mentioned issue " Whether TDS to be deducted for Car parking charges u/s 194C or 194I"

During statutory audit of various clients i have observed generally TDS is not deducted on  parking charges referring the case [DCIT vs JAPAN AIRLINES (2005)] but the facts of these case are not general parking charges and i have always doubted that CAR parking charges comes under the ambit of 194C because in some cases Parking owners commits to provide car parking space however the space is not fixed or definite, in such cases TDS is to be deducted u/s 194C using citation [M/S Mahendra Shipping ltd. vs ITO (HC)]

Hence according to me where there is definite and particular space for CAR parking TDS to be deducted u/s 194I referring case [DCIT vs JAPAN AIRLINES (2005)] and where there is no definite and particular space for car parking and parking owner only commits to provide space for car parking TDS to be deducted u/s 194C referring case [M/S Mahendra Shipping ltd. vs ITO (HC)]

Thanks for reading frnds..

Kindly update this blog with other useful information as well..


Posted by at

6 comments:

  1. Manjot kaur17 April 2015 at 03:40

    Thank you so much for this post..

    Awning dealer in Chandigarh
    Livin blinds in Chandigarh
    Wooden Decking in Chandigarh

    ReplyDelete
  2. Ankit Jain27 July 2016 at 23:26

    Valuable post.

    ReplyDelete
  3. Akshman31 May 2018 at 21:12

    Thank u sir

    ReplyDelete
  4. Nancy Rogers22 March 2019 at 04:19

    Wonderful post. I appreciate with you. Book Birmingham park and ride and enjoy save a lot of money.

    ReplyDelete
  5. Selena Lyon22 March 2019 at 06:49

    Interesting post. If you're looking for airport parking Luton then you're at right place. Save money and enjoy hassle-free experience.

    ReplyDelete
  6. Anonymous20 August 2020 at 06:07

    Hello, Everyone,I'm Adrik Vadim living in Kurgan City , I want to share with you all on here on how Mr Benjamin help me with a loan of 15,000.000.00 Rubles to start up my food beverage delivery after all I have work in several hotels here in kurgan just to earn a living but unfortunate I was still having difficulties to pay a rent but I thank God now that I'm a self employ now with 5 workers working in my care. Just if you looking for financial freedom I will advise you contact Mr Benjamin with this email below and whats app number as well. 247officedept@gmail.com   +1-989-394-3740

    ReplyDelete

Subscribe to: Post Comments (Atom)