Service tax on factory rent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 May 2012
Dear friends
I have a query about service tax on factory rent. Our Co is paying factory rent of Rs. 61355. and Tds deduction is Rs. 6136/- (10%) Now the factory owner is asking us to pay service tax also. My question is, How much will be service tax on rent. Is it 12.36%.
Should I add service tax amount to rent while calculation TDS.
rent - 61,355
service tax 7,583
--------
68,938
less tds @10% 6136
Rent payable = 62802
Is my calculation correct? Please help
I have a query about service tax on factory rent. Our Co is paying factory rent of Rs. 61355. and Tds deduction is Rs. 6136/- (10%) Now the factory owner is asking us to pay service tax also. My question is, How much will be service tax on rent. Is it 12.36%.
Should I add service tax amount to rent while calculation TDS.
rent - 61,355
service tax 7,583
--------
68,938
less tds @10% 6136
Rent payable = 62802
Is my calculation correct? Please help
Guest
Guest
(Expert)
04 May 2012
Yes, service tax is applicable @12.36%
You dont need to include service tax while calculating TDS
You dont need to include service tax while calculating TDS
Message likes :
1 times
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
- Tax on Amount transferred in HUF Account
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- ETDS return q4 25-26
- Intimation under section 245
- Section 269ST applicability for capital introduced by partner to his partnership firm
- GST input credit on commercial property
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual 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
