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Service tax & TDS

srinivasan (gm) (130 Points)

23 March 2015  

I am renting a godown for Rs.8000 p.m to a commercial business agency. Does we need to pay accept Service Tax and Deduction of TDS is required. Because Rent Per year is 96000/= and I am individual not company or firm.

please advise.


 1 Replies

Saurabh Maheshwari (B.com,ACA) (5908 Points)
Replied 23 March 2015


TDS Limit under Sec 194I of I.T.  Act,1961-180,000 p.a

Service tax payable only when the aggregae value of taxable services cross Rs. 10lacs during a FY.

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