Discount cannot be equated with Rent to attract TDS under Section 194I

PCIT Vs Asian Mills Pvt. Ltd. (Gujarat High Court)

The assessee gave additional discount to parties on account of godown rent paid by the said parties. According to the assessee, the customers did not take the delivery of the goods in their own godown after the purchase and the goods would continue to be at the godown of the assessee till the customer sells the goods to the other parties. However, five persons to whom the deduction had been given by the assessee had taken the delivery of the goods to their own godown and, th

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