Tds on rent
This query is : Resolved
ABHISHEK JADAUN
(Querist)
01 November 2012
IS TDS ON RENT IS TO BE DEDUCT INCLUSIVE OF SERVICE TAX..
01 November 2012
As per Circular No.4/2008 dated 28.4.2008, it was clarified that TDS on rental payments would be required to be made only on the basic rental amount without including service tax. In other words, TDS should not be made on the service tax portion of the rent. However, this analogy is not applicable to TDS under other sections.
In short--
For 194I - Deduct TDS on amount excluding service tax.
For other section - Deduct TDS on amount including service tax.
In short--
For 194I - Deduct TDS on amount excluding service tax.
For other section - Deduct TDS on amount including service tax.
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ABHISHEK JADAUN
(Querist)
05 November 2012
Thanx to all of u,..!!!
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