TDS on Lease
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 November 2010
Dear Experts
Can u tell me whether TDS on rent will be applicable for Lease payment For Rs 200000.We will make payment directly to the party there is no commission or Brokerage Involved.And also let me know any service tax applicable?
Can u tell me whether TDS on rent will be applicable for Lease payment For Rs 200000.We will make payment directly to the party there is no commission or Brokerage Involved.And also let me know any service tax applicable?
Aditya Maheshwari
(Expert)
23 November 2010
Yes TDS would be deductible u/s 194I @ 10%.
CA Navin Jain
(Expert)
23 November 2010
Agree
taxindiaconnect
(Expert)
23 November 2010
Agreed as far as TDS is concerned, No service tax if the amount of Rs 200000 is annual, if monthly, service tax is applicable
CA.ViVeK M ACA
(Expert)
23 November 2010
TDS will be applicable if you are making the rent payment over and above 180000.
Aditya Maheshwari
(Expert)
23 November 2010
Applicability of service tax will depend upon whether the receipients rent receipt exceeds Rs. 10 lakhs or not and not whether we are making payment less than Rs. 10 lakhs or more i think. So i disagree with taxindiaconnect to that extent.
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