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.....
CA Mehta Ankur N.
(Expert)
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.
CA Mandeep Singh
(Expert)
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.
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