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Tds on rent


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 25 Replies

CA.S.Alamelu

CA.S.Alamelu (Partner)     29 June 2012

sir

as per recent news, it is enough if tax is deducted on rent amount alone.

 

Ajit Mojar

Ajit Mojar (CA final student)     29 June 2012

Service tax paid by the tenant doesn't partake the nature of income of the landlord."
 
hence Tds will be deducted on Rent amount i.e. excluding Service tax amount


 
CA PRAVEEN SINGH

CA PRAVEEN SINGH (MANAGER ACCOUNTS)     29 June 2012

TDS IS DEDUCTED ON RENT EXCLUDING SERVICE TAX.

AS PER CBDT CIRCULAR NO- 04-2008 ON DATED 28-04-2008

1 Like
CA.Varalakshmi.M

CA.Varalakshmi.M (Manager-Finance)     29 June 2012

CIRCULAR NO. 4/2008, DATED 28-4-2008

As per the provisions of 194-I, tax is deductible at source on income by way rent paid to any resident

Service tax paid by the tenant doesn’t partake the nature of “income” of the landlord. The landlord only acts as a collecting agency for Government for collection of service tax. Therefore it has been decided that tax deduction at source (TDS) under sections 194-I of Income-tax Act would be required to be made on the amount of rent paid/payable without including the service tax.

 

3 Like
CA PRAVEEN SINGH

CA PRAVEEN SINGH (MANAGER ACCOUNTS)     29 June 2012

Originally posted by : M.Varalakshmi

CIRCULAR NO. 4/2008, DATED 28-4-2008

As per the provisions of 194-I, tax is deductible at source on income by way rent paid to any resident

Service tax paid by the tenant doesn’t partake the nature of “income” of the landlord. The landlord only acts as a collecting agency for Government for collection of service tax. Therefore it has been decided that tax deduction at source (TDS) under sections 194-I of Income-tax Act would be required to be made on the amount of rent paid/payable without including the service tax.

 

 

YES AGREE..

CA Karan Lodhi

CA Karan Lodhi (CA and B.com(hons.))     29 June 2012

Agree with M.Varalakshmi

 *RENU SINGH *

*RENU SINGH * (✩ §m!ℓ!ñġ €ม€§ fℓม!ñġ ђ♪gђ✩ )     29 June 2012

agree ...

TDS IS DEDUCTED ON RENT EXCLUDING SERVICE TAX.

Kunal Bhutada

Kunal Bhutada (manager)     29 June 2012

Service tax does'nt partake the nature of income.therefore U/S 195 I TDS required to be deducted excluding service tax.

 

Rajendra Prasad

Rajendra Prasad (Asst. Manager - Accounts)     29 June 2012

TDS Deducted on Rent only

sandhya

sandhya (nil)     29 June 2012

Hi

TDS  will be deducted on Rent without including Service Tax

 

CA JATINDER SALHOTRA

CA JATINDER SALHOTRA (PRCTICE CA)     29 June 2012

agree with all t.d.s need to be deducted excluding sevice tax

Nitil Kr. Agarwala

Nitil Kr. Agarwala (Persuing CS)     29 June 2012

Originally posted by : M.Varalakshmi

CIRCULAR NO. 4/2008, DATED 28-4-2008

As per the provisions of 194-I, tax is deductible at source on income by way rent paid to any resident

Service tax paid by the tenant doesn’t partake the nature of “income” of the landlord. The landlord only acts as a collecting agency for Government for collection of service tax. Therefore it has been decided that tax deduction at source (TDS) under sections 194-I of Income-tax Act would be required to be made on the amount of rent paid/payable without including the service tax.

 

agreed

CA. Aabhishek Khurana

CA. Aabhishek Khurana (CHARTERED ACCOUNTANT)     30 June 2012

service tax paid by tenant is not in nature of income of landlord.

TDS U/S 194I SHALL BE REQUIRED TO BE MADE ON THE AMOUNT OF RENT PAID/PAYABLE WITHOUT  INCLUDING THE SERVICE TAX.


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