28 May 2013
I am running my car ageny on rental property. I am giving rent to 4 different poples but my total rent for the year is 24.00 lac. A cheque of Rs 50000 is given to every person every month. (1)Is there is any liabiliity of Service Tax in My hands ? (2)Is there is any liability of Service Tax in Hands of Land Lord
28 May 2013
if property in name of 4 person and each recd. Rs. 180000/- Per year then NO tds to be deducted otherwise 10% of Rent to deducted. if any co-owner have no PAN then 20% TDS to be deducted and deposited