Tds on rent..
This query is : Resolved
14 May 2012
TDS IS NOT CHARGEABLE ON SERVICE TAX PORTION OF RENT ON IMMOVABLE PROPERTY??Y??
14 May 2012
Yes. CBDT has clarified wide Circular no. 4/2008 dated 28.04.2008 that Service Tax paid by the tenant does not partake the nature of income of the landlord and therefor TDS is required to deduct without ST amount.
14 May 2012
THANK YOU SIRJI..!!
14 May 2012
Go through Section also
Section 194I speaks about "ANY INCOME" while other sections speak about "ANY SUM", this is the reason that TDS is deducted on only Rental Income while TDS on other section is on Gross Amount.
Hope you understood the interpretation of the Section.
Thanks
Mihir Doshi
Section 194I speaks about "ANY INCOME" while other sections speak about "ANY SUM", this is the reason that TDS is deducted on only Rental Income while TDS on other section is on Gross Amount.
Hope you understood the interpretation of the Section.
Thanks
Mihir Doshi
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
- Post Office RD Interest
- CG Tax On residential property
- Applicable TDS for Purchase of Flat from NRI
- Building and other construction workers welfare cess act 1996
- Eway bill for machinery reparing
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Form 10BD Filling
- Annual return of gst limit
- Gift of mutual fund units to daughter
- ESIC- Employee Registration
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
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
