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Tds on rent

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(Querist)
26 December 2013 service tax is charged on rent includes TDS (rent + tax deducted at source )
or
only on gross amount of rent


????? on what amount service tax is required to be chargeable.
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TRINATH

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TRINATH (Expert)
26 December 2013 tds applicable only rent

Tnks.
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
26 December 2013 You Should deduct TDS on Gross amount excluding S.tax.

it means Service Tax = (Amount + TDS)*12.36% and TDS = (Amount paid + TDS)* TDS Rate (i.e.2% / 10%)



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ramanamma

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ramanamma (Querist)
26 December 2013 sorry my question is wrong . i have doubt regarding service tax chargeable on rent + tds (or) only rent
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Gayathri Devi

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Gayathri Devi (Expert)
26 December 2013 Dear Ramanamma

It is chargeable only on rent amount
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Nagesh

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Nagesh (Expert)
26 December 2013 It is chargeable on rent amount only as per circular no 04/2008 dated 24.04.2008.
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Nagesh

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Nagesh (Expert)
26 December 2013 Service tax is chargeable no gross rent that is before deducting TDS.
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Nagesh

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Nagesh (Expert)
26 December 2013 Sorry it is on gross rent



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ramanamma

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ramanamma (Querist)
26 December 2013 example

rent 20000
tds 2000
service tax on 22000 or on 20000

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CA Pallav Singhania

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CA Pallav Singhania (Expert)
26 December 2013 it will be on 20000
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TRINATH

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TRINATH (Expert)
26 December 2013 for what amount you giving rent receipt

i.e 20000
or 22000
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
26 December 2013 Service Tax will be calculated on "Gross amount of rent.




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