Tds & service tax on rent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 June 2014
Dear Sir ,
1)I have to Pay Rent Amount P.A. Rs.8.00 lac so I have to Deduct TDS 10% on Basic Amount
OR
ON Basis Amount + Service Tax Amount
Kindly Explain.... And
2)Service Tax 12.36% applicable on Amount which is Below Rs.10.00 lac OR NOT
Kindly Explain.....
1)I have to Pay Rent Amount P.A. Rs.8.00 lac so I have to Deduct TDS 10% on Basic Amount
OR
ON Basis Amount + Service Tax Amount
Kindly Explain.... And
2)Service Tax 12.36% applicable on Amount which is Below Rs.10.00 lac OR NOT
Kindly Explain.....
04 June 2014
No TDS on Service tax as CBDT Circular.
ST only if amt exceeds 10 Lakh rs.
ST only if amt exceeds 10 Lakh rs.
04 June 2014
1) TDS is applicable on Basic Rent Amount excluding Service Tax.
2)10 Lac Exemption is only in case of Small Service Provider.
2)10 Lac Exemption is only in case of Small Service Provider.
06 June 2014
Only in case of rent, tax has to be deducted on amount exclusive of service tax.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Average Cost Of High Quality Diamonds
- ITR 4 OR ITR 3 WHICH FORM CHOOSE
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
