HAI FRIENDS I HAVE A QUARY ON RENTAL TDS I.E. WHETHER TDS NEED TO RECOVER ON RENT AMOUNT ALONE OR IT IS ON BOTH TDS & SERVICE TAX IF THE OWNER COLLECTS SERVICE TAX.
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Tds on rent
Replies (25)
sir
as per recent news, it is enough if tax is deducted on rent amount alone.
TDS IS DEDUCTED ON RENT EXCLUDING SERVICE TAX.
AS PER CBDT CIRCULAR NO- 04-2008 ON DATED 28-04-2008
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.
| 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. |
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YES AGREE..
Agree with M.Varalakshmi
agree ...
TDS IS DEDUCTED ON RENT EXCLUDING SERVICE TAX.
Service tax does'nt partake the nature of income.therefore U/S 195 I TDS required to be deducted excluding service tax.
TDS Deducted on Rent only
Hi
TDS will be deducted on Rent without including Service Tax
agree with all t.d.s need to be deducted excluding sevice tax
| Originally posted by : M.Varalakshmi | ||
|
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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
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.
agree with M.Varalakshmi
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