Deduction of tds
This query is : Resolved
MAYANK GUPTA
(Querist)
20 June 2015
pls suggest
rent paid ---170000
Ser tax ----23800
total ---193800
pls suggest whether tds will be dedudcted on such rent paid or not
rent paid ---170000
Ser tax ----23800
total ---193800
pls suggest whether tds will be dedudcted on such rent paid or not
Ankur Singhal
(Expert)
20 June 2015
Dear Mayank Gupta
TDS to be deducted on amount of rent paid exceeds Rs.180000/- in a year.
In your case rent does not exceeds the limit so no need to deduct TDS as Tds is not required to be deducted on the amount of service tax paid.
Refer notification 01/2014.
Tds need to be deducted only on amount net of TDS.
So no need to deduct TDS.
TDS to be deducted on amount of rent paid exceeds Rs.180000/- in a year.
In your case rent does not exceeds the limit so no need to deduct TDS as Tds is not required to be deducted on the amount of service tax paid.
Refer notification 01/2014.
Tds need to be deducted only on amount net of TDS.
So no need to deduct TDS.
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