15 July 2015
Dear Experts I have received Rs.Rent(1,40,000)+ST (17,304)-TDS(15,730) = Net Rent (1,41,574=00)per month. My query is that As per 26AS my income is Rent + Service Tax I have already remitted ST To department While filing my IT Return Shall I consider only Rent portion or both please advise me in this regard. Thanks in advance
15 July 2015
First of all, TDS will b deducted exclusive of ST, i.e, on 140K, in ur case. So u must ask ur client regarding that. And regarding income 140k is ur Rental income, so u must show that amount in ur IT Return.
CAclubindia
