How much service tax
This query is : Resolved
12 December 2013
kindly inform, as monthly rent i receive is rs.1,40,000/-pm, the tds deducted is 10% , by tenant, my total slab of it is 30%, what should be the service to be paid by me, is their any relation in deduction on income tax , also as 30% is allowed to be deducted as expenses in income tax what is the effect on service tax
12 December 2013
Dear friend,
In my opinion, for the purpose of calculating service tax, the TDS deducted by the tenant can not be deducted from the rent amount. Regarding the income tax angle, i will not be able to provide any guidance.
In my opinion, for the purpose of calculating service tax, the TDS deducted by the tenant can not be deducted from the rent amount. Regarding the income tax angle, i will not be able to provide any guidance.
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