Tds rent


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Querist : Anonymous

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Querist : Anonymous (Querist)
28 April 2016 Monthly rent to be paid is 70000 , tds should be deducted or not . we are PVT Ltd company

28 April 2016 Yes, TDS to be Deducted u/s 194I 10% If the amount of rent paid/credited during the financial year does not exceed Rs. 1,80,000, then no TDS is required to be deducted. If the amount of rent paid/credited or likely to be paid during financial year exceeds Rs. 1,80,000 then TDS is to be deducted on whole amount.

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Querist : Anonymous

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28 April 2016 Then what about service tax

28 April 2016 TDS to be deducted on Net Before Service Tax i.e.Excluding Service Tax.

Service Tax Tresh hold limit 10 Lakhs .

28 April 2016 No need being< 10 lacs per annum.

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Querist : Anonymous

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28 April 2016 Kindly give me example sir

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Querist : Anonymous

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28 April 2016 Thanks for ur replay

28 April 2016 Yes tds should be deduct u/s 194I @ 10%

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Querist : Anonymous

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28 April 2016 Thank u sir for ur replay

28 April 2016 Dear Anonymous, If you are paying rent on machinery then tds@2% is applicable. if it's building or land appurtenant thereto, then @10%.

28 April 2016 Example for TDS vs Service tax :
Say Building Rent is ₹70000 per mth excluding service tax. If the owner charges service tax(Charges ST only when his total rental income of him from all tenants exceeds ₹10 lacs subject to other T&C) then amount payable to owner before TDS is ₹80150 (ST @14.5% included).
TDS is ₹7000 (@10% on ₹70000)
Net amount payable to owner is ₹73150

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Querist : Anonymous

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29 April 2016 How is CSR Caliculation

29 April 2016 CSR?? what is the long form of that

29 April 2016 pls see
mdos.si/Files/defining-corporate-social-responsibility.pdf

29 April 2016 what is the context of CSR in 194I?


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