Service Tac on Rent paid
This query is : Resolved
01 April 2009
We pays rent of Rs.22000/month. Owner is not agreing to deduct any taxes. Do we need to deduct any service Taxes, or TDS from him?. if he is not agreeing, what is the impact of it?
01 April 2009
TDS is deuctible by you under sec 194I when making the payment since the rent is above 120000/- on annualised basis
Service tax not chargeable as under threshold limit of 10 lacs per annum.
If the provider is not charging service tax the onus of the liability is on the provider and it does not in any way cast the burden on receiver.
Therefore you need not worry
Service tax not chargeable as under threshold limit of 10 lacs per annum.
If the provider is not charging service tax the onus of the liability is on the provider and it does not in any way cast the burden on receiver.
Therefore you need not worry
02 April 2009
I agree with Sri Dayal
(1) Service Tax: As "Service Provider", Owner is responsible.
(2)TDS:
(i) As "Payer", you are responsible to pay TDS amount u/s 194I
(ii) If Owner is not agreeing, you pay TDS amount from your funds
(iii) Manage to collect PAN No from Owner. Without this information, you will get into problem while submitting TDS Return
(iv) Do not issue Form 16-A until Owner agrees to reimburse the TDS amount to you (Of course, after remitting TDS amount, you have no right to withold issuance of Form 16-A)
(1) Service Tax: As "Service Provider", Owner is responsible.
(2)TDS:
(i) As "Payer", you are responsible to pay TDS amount u/s 194I
(ii) If Owner is not agreeing, you pay TDS amount from your funds
(iii) Manage to collect PAN No from Owner. Without this information, you will get into problem while submitting TDS Return
(iv) Do not issue Form 16-A until Owner agrees to reimburse the TDS amount to you (Of course, after remitting TDS amount, you have no right to withold issuance of Form 16-A)
06 April 2009
Thank you so much for the information. I am not going to deduct TDS. I am not showing this rent as an expense.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Unregistered suppliers utility
- ITDS U/S.194T of Firm
- NRI starting business in India
- Difference between Date of Payment and Date of Deduction?
- Journal entry of busniess expenses
- GST not cancelled by tenant
- FORM 141 SDV query
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Cash balance limit and property purchases limit
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
