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.
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Service tax & TDS
Replies (1)
NO.
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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