Tds rate on rent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 January 2012
sir
Wht is TDS RATE FOR THE COMPOSITE RENT
THE OPPOSITE PARTY IS PVT LTD COMPANY
Wht is TDS RATE FOR THE COMPOSITE RENT
THE OPPOSITE PARTY IS PVT LTD COMPANY
CA Deep Upadhyay
(Expert)
09 January 2012
In cases of composite arrangement for user of premises and provision of man power for which consideration is paid as a specific percentage of turnover, if the composite agreement is in essence the agreement for taking the premises on rent, tax will be deducted under section 194-I from payments thereof.
CA PARAS BAFNA
(Expert)
09 January 2012
The Rate of TDS is 10% in such cases.
09 January 2012
Section Applicable- 194I
Threshold limit - Rs 1.80 Lacs p.a.
Rate: 10%, If PAN not given penal rate will be 20%.
TDS to be deducted on amount excluding service tax, if any.
Threshold limit - Rs 1.80 Lacs p.a.
Rate: 10%, If PAN not given penal rate will be 20%.
TDS to be deducted on amount excluding service tax, if any.
10 January 2012
Dear Mr. Sanjay,
TDS TO BE DEDUCTED ON AMOUNT INLUDING SERVICE TAX W.E.F.01.04.2011
TDS TO BE DEDUCTED ON AMOUNT INLUDING SERVICE TAX W.E.F.01.04.2011
10 January 2012
Nayan Ji
As far as i know---
As per Circular No.4/2008 dated 28.4.2008, it was clarified that TDS on rental payments would be required to be made only on the basic rental amount without including service tax. In other words, TDS should not be made on the service tax portion of the rent.
In case of update will you please provide us the notification for same.
As far as i know---
As per Circular No.4/2008 dated 28.4.2008, it was clarified that TDS on rental payments would be required to be made only on the basic rental amount without including service tax. In other words, TDS should not be made on the service tax portion of the rent.
In case of update will you please provide us the notification for same.
Ram Avtar Singh
(Expert)
11 January 2012
If man power supply then TDS Under section 194C @2% applicable encluding service tax, if permises rent then TDS under sec 194I then TDS@10% applicable and TDS before service tax.
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