Renting of Commercial Property by Individual
This query is : Resolved
Manoj Kumar Karna
(Querist)
07 January 2010
One of our clients renting commercial property on rent @ Rs.140000 per month.My question is, 1)whether service tax attract and 2) what rate of TDS may be deduct by lessee.
One of our clients renting commercial property on rent @ Rs.140000 per month.My question is, 1)whether service tax attract and 2) what rate of TDS may be deduct by lessee.
07 January 2010
Service Tax is applicable at 10.3%.
Lessee will deduct TDS at 10% on the rental amount excluding service tax.
Lessee will deduct TDS at 10% on the rental amount excluding service tax.
CMA Ramesh Krishnan
(Expert)
07 January 2010
yes ST Applicable
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