Rent payment

This query is : Resolved

PRATANU CHAKRABORTY (Querist)
Follow

21 December 2012 If rent payment is below or equal to 1,80,000/- then no tds is applicable. Is it correct? Is there any provision regarding service tax deduction on rent payment?

Yogesh Agarwal

Yogesh Agarwal (Expert)
Follow

21 December 2012 The first line of question is very clear and the answer to that in that case it is not required to deduct TDS in that case.. your question regarding service tax is not clear...pls elaborate the same...

CS, Deepak Pratap Singh

CS, Deepak Pratap Singh (Expert)
Follow

24 December 2012 Dear Friend Service Tax is payable only when you have crossed the thershold limit as prescribed.You have to register for the same and when total amount of rent pair or received is increased during the year Rs. 10.00 Lakhs then you are liable for service tax.

CA BHARATH KUMAR

CA BHARATH KUMAR (Expert)
Follow

24 December 2012 i agree with experts

rathish kumar.c.c

rathish kumar.c.c (Expert)
Follow

25 December 2012 Yeas, if your rental receipt is more than 10 lakhs you are liable to pay service tax, as per your details it is below 180000 the question of service tax does't arises.As per tds you are not liable for deduction as it is below 15000 per month

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok