Tds on rent

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 April 2012 A private Limited Company paid office rent Rs. 17648/-pm. Net amount of rent Rs. 192000/- and Service tax Rs.19776/-. Total Rs.211776/-. For TDS calculation which amount we have take? Total rent paid or only net rent amount?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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24 April 2012 Deduct income tax on Rs.1,92,000/- as per CBDT Circular 4/2008 dated 28/04/2008.

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Sumti Bhadani

Sumti Bhadani (Expert)
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24 April 2012 TDS should be deducted on Rs 1,92,000/-.

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CA Dileep Surya Kumar

CA Dileep Surya Kumar (Expert)
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24 April 2012 Agree with above , you need to deduct TDS on RS.1,92,000

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CA PRAVEEN SINGH

CA PRAVEEN SINGH (Expert)
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24 April 2012 AGREE WITH ALL ABOVE...
TDS ON RENT DEDUCTED EXCLUDING SERVICE TAX.
BUT NOT IN CASE OF TDS U/S 194 C &J.
CIRCULAR 4/2008.

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CA. Rahul Dwivedi

CA. Rahul Dwivedi (Expert)
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24 April 2012 Generally while deducting TDS gross amount of bill is to be considered, However in Case of Rent TDS is to be deducted on Rent Amount excluding service Tax. So TDS will be On Rs. 192K.

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