tds on rent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 August 2010
wheather tds on rent is to be deducted on gross or net of service tax?
CA Sanat Pyne
(Expert)
15 August 2010
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.
Message likes :
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Aditya Maheshwari
(Expert)
15 August 2010
TDS should not be deducted on service tax component levied on rent. On rest all payments TDS deductible.
16 August 2010
Agreed.. TDS to be deducted on Rent without service tax.
CMA Arif Farooqui
(Expert)
30 August 2010
As per Circular No.4/2008 dated 28.4.2008, TDS is not required to deduct on service tax on rent. in any other case TDS is deductible on gross amount inclusive of service tax.
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