Tds on rent

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This query is : Resolved

Govind (Querist)

20 January 2016 Dear Expert ,

Kindly advice on below points ,,,,

1) How much tds is deducted on rent given to landlord ( office is on rent @ 39000/- Monthly rent ) 11 month contract 429000/- ,
2 ) suppose rent agreement owner is given PAN card Copy . he gives bill of rs 39000/- + TAX 14.5% .
in case how much we have to deducted TDS on rent ( at the time of pay / book the bill in our books of accounts )

Govind ...
8866102527

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)

20 January 2016 1. TDS will be deducted @ 10% under Section 194-I.
2. TDS will NOT be deducted on the service tax amount. Accordingly TDS will be deducted only on Rs. 39,000/-.

Govind

Govind (Querist)

20 January 2016 THANKS AND REGARDS ,

SUPPOSE THEY NOT GIVE PAN CARD COPY . THEN WHAT ??

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)

20 January 2016 Then TDS will be deducted @ 20%. However as you said they are charging service tax in the invoice, so service tax number will be mentioned on the invoice. Service tax number is PAN based. The first 10 characters of the service tax number is PAN

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