TDS on Rent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 January 2011
Dear all,
Do we need to deduct TDS on service tax portion?
for e.g.
Gross Rent: 200000
Service tax @ 10.3%: 20600
Total: 220600
TDS @ 10.3% on above: 22722
Net payable to landlord: 197878
Please let me know if the workings are correct?
Thank you.
- Rahul
Do we need to deduct TDS on service tax portion?
for e.g.
Gross Rent: 200000
Service tax @ 10.3%: 20600
Total: 220600
TDS @ 10.3% on above: 22722
Net payable to landlord: 197878
Please let me know if the workings are correct?
Thank you.
- Rahul
11 January 2011
Gross Rent: 200000
Service tax @ 10.3%: 20600
Total: 220600
TDS @ 10% on above: 20000 (on gross only)
Net payable to landlord: 200600
Service tax @ 10.3%: 20600
Total: 220600
TDS @ 10% on above: 20000 (on gross only)
Net payable to landlord: 200600
Message likes :
1 times
11 January 2011
Tax should be deducted only on rent not on service Tax.
The CBDT has clarified vide circular no 28 dt 28.04.2008.
The CBDT has clarified vide circular no 28 dt 28.04.2008.
Message likes :
1 times
12 January 2011
It is Circular No. 4 and not Circular No.28.
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