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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

January 21, 2008
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An issue was raised before the 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 the 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."

Therefore, TDS under section 194-I shall  not be deducted. 

(Income Tax Chapter - XVII - B - COLLECTION AND RECOVERY OF TAX - B. - Deduction at source)

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