rama chandra reddy
JOB
[ Scorecard : 39]
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Posted On 28 June 2012 at 23:12
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HAI FRIENDS I HAVE A QUARY ON RENTAL TDS I.E. WHETHER TDS NEED TO RECOVER ON RENT AMOUNT ALONE OR IT IS ON BOTH TDS & SERVICE TAX IF THE OWNER COLLECTS SERVICE TAX.
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CA.S.Alamelu
Partner
[ Scorecard : 35]
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Posted On 29 June 2012 at 00:31
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sir
as per recent news, it is enough if tax is deducted on rent amount alone.
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Ajit Mojar
CA final student
[ Scorecard : 21]
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Posted On 29 June 2012 at 09:53
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Service tax paid by the tenant doesn't partake the nature of income of the landlord."
hence Tds will be deducted on Rent amount i.e. excluding Service tax amount
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CA PRAVEEN SINGH
MANAGER ACCOUNTS
[ Scorecard : 2221]
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Posted On 29 June 2012 at 10:37
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TDS IS DEDUCTED ON RENT EXCLUDING SERVICE TAX.
AS PER CBDT CIRCULAR NO- 04-2008 ON DATED 28-04-2008
Total thanks : 1 times
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CA.Varalakshmi.M
Manager-Finance
[ Scorecard : 454]
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Posted On 29 June 2012 at 11:31
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CIRCULAR NO. 4/2008, DATED 28-4-2008
As per the provisions of 194-I, tax is deductible at source on income by way rent paid to any resident
Service tax paid by the tenant doesn’t partake the nature of “income” of the landlord. The landlord only acts as a collecting agency for Government for collection of service tax. Therefore it has been decided that tax deduction at source (TDS) under sections 194-I of Income-tax Act would be required to be made on the amount of rent paid/payable without including the service tax.
Total thanks : 3 times
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CA PRAVEEN SINGH
MANAGER ACCOUNTS
[ Scorecard : 2221]
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Posted On 29 June 2012 at 11:51
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Originally posted by : M.Varalakshmi |
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CIRCULAR NO. 4/2008, DATED 28-4-2008
As per the provisions of 194-I, tax is deductible at source on income by way rent paid to any resident
Service tax paid by the tenant doesn’t partake the nature of “income” of the landlord. The landlord only acts as a collecting agency for Government for collection of service tax. Therefore it has been decided that tax deduction at source (TDS) under sections 194-I of Income-tax Act would be required to be made on the amount of rent paid/payable without including the service tax.
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YES AGREE..
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karan
done B.com(hons.) CA-Finalist
[ Scorecard : 345]
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Posted On 29 June 2012 at 12:10
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*RENU SINGH *
.......... !
[ Scorecard : 18329]
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Posted On 29 June 2012 at 13:25
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agree ...
TDS IS DEDUCTED ON RENT EXCLUDING SERVICE TAX.
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Kunal Bhutada
manager
[ Scorecard : 45]
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Posted On 29 June 2012 at 13:56
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Service tax does'nt partake the nature of income.therefore U/S 195 I TDS required to be deducted excluding service tax.
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Rajendra Prasad
Asst. Manager - Accounts
[ Scorecard : 23]
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Posted On 29 June 2012 at 15:01
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TDS Deducted on Rent only
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