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TDS on rent

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Querist : Anonymous

Querist : Anonymous (Querist)

17 December 2010 My query is-
1.Building is given on rent by one firm to another (sister concerns).what is the rate of TDS to be deducted before making the payment of Rent ?
2.If service tax is charged by the owner of the firm then whether TDS to be deducted on the amount including the Service tax?

Plz reply.

Thanks

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

17 December 2010 1)Rate of TDS:10%
2) TDS to be deducted on amount excluding service tax.(Cicular No. 4 dated 28-04-2008)

Threshold limit:
Rs 180000/- p.a. (w.e.f 01.07.2010)

CA. VIKAS GUPTA

CA. VIKAS GUPTA (Expert)

17 December 2010 Hi,
Rate of TDS will be 10% and will be deducted u/s 194I.
further, if service tax is charged on rent, then also TDS will be deducted only on the amount of rent but not on the service tax amount.

thanks

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