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