Tds on rent.
This query is : Resolved
06 June 2013
My company is paying rent Rs.16854/- per months Rs.202248/- yearly (Rs.15000/- + Service Tax Rs.1854/-).
I know we dont have to deducted TDS on service tax as per CBDT notification
whether we need to deduct the TDS as payment exceeds Rs.180000/- or we dont have to, as only portion of service tax amount exceeds threshold limit
Please Help,
Thanks in advance.
I know we dont have to deducted TDS on service tax as per CBDT notification
whether we need to deduct the TDS as payment exceeds Rs.180000/- or we dont have to, as only portion of service tax amount exceeds threshold limit
Please Help,
Thanks in advance.
CA Kapil Verma
(Expert)
06 June 2013
as per section 194 I
"Any person, not being an individual or a Hindu undivided family, who is responsible for paying to any income by way of rent"
So service tax amount is not to be included ,
hence no need to deduct TDS
"Any person, not being an individual or a Hindu undivided family, who is responsible for paying to any income by way of rent"
So service tax amount is not to be included ,
hence no need to deduct TDS
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