TDS deduct on warehouse insurance charges is applicable or not

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....DS deduct on warehouse insurance charges is applicable or not<br> Query (Issue) Started By: - MUTHUKUMARAN K Dated:- 1-8-2025 Last Reply Date:- 4-8-2025 Income Tax<br>Got 6 Replies<br>Income Tax<br>we got private bonded warehouse invoice. They collect Cargo storage Charges and Insurance Charges. we dedect 10% TDS on both Storage and Insurance Charges its correct or not. with regards K.Muthu Kum....

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....aran &nbsp; Reply By Sadanand Bulbule: The Reply: 10% TDS is to be deducted under Section 194J of the IT Act while making payment of fees /remuneration/commission for professional or technical services rendered. However, cargo storage services, not being professional or technical services, fall under Section 194C liable to 1% or 2% TDS. So double check the facts. Reply By MUTHUKUMARAN K: The ....

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....Reply: Sir thanks your reply. But we deduct TDS 10% on Cargo Storage Charges treated at Rent - 194I Warehouse insurance charges collect the same invoice so TDS deduct or not? with regards K.Muthukumaran &nbsp; Reply By Sadanand Bulbule: The Reply: TDS&nbsp; on rent @ 10% is ok under Section 194-I[b] of the IT Act. If insurance is cahrged as composite supply by the same warehouse owner, it....

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.... forms part of gross rent consideration. Oherwise, if it is pass-through cost, no TDS is applicable. Reply By MUTHUKUMARAN K: The Reply: Sir thanks for your reply. Warehouse insurance calculation is cargo value X no of weeks X Rate. please surely confirm TDS deduct or not. with regards K.Muthukumaran.   Reply By Sadanand Bulbule: The Reply: Refer clarification on deduction of tax at sour....

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....ce on rental income under section 194-I of the Income-tax Act: Circular No. 4/2008 dated 28-4-2008 &nbsp; Reply By MUTHUKUMARAN K: The Reply: Thank you Sir .<br> Discussion Forum - Knowledge Sharing ....