Tds on rent and professional fees
This query is : Resolved
03 September 2013
tds is to be deducted on rent value or rent+st=total bill value ?
tds is to be deducted on prof. fees or prof. fees+st=total bill value ?
plz tell me the solution...
03 September 2013
1) TDS on rent element only. Refer CIRCULAR NO. 4/2008, DATED 28-4-2008.
2) TDS on professional fee element only. Refer CIT Vs Rajasthan Urban Infrastructure (2013) 8 TMI 12 (Raj).
2) TDS on professional fee element only. Refer CIT Vs Rajasthan Urban Infrastructure (2013) 8 TMI 12 (Raj).
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12 October 2013
Correct, but eveu if you have deducted TDS on total amount dont worry, you will not be penalised, you just have to convince your vendor/service provider.
CA Pallav Singhania
(Expert)
12 October 2013
For 194I purpose, TDS will be on only rental amount and not on service tax amount.
In respect of payments u/s 194C TDS has to be made on payment inclusive of service tax.
In respect of payments u/s 194C TDS has to be made on payment inclusive of service tax.
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