Tds on rent

Page no : 2

Atul Kumar (working employee) (153 Points)
Replied 30 June 2012

agree with all tds will be deducted on Rent only not on service tax

(Guest)

agree with CA Praveen Singh

Sunny Hada (Article) (25 Points)
Replied 30 June 2012

TDS is deducted only on Rent amount.

nandini mishra (individual) (592 Points)
Replied 30 June 2012

but how will you segrgate rent and service tax at the time of filing income tax return because ther is no head for service tax. and if we take amount excluding service tax, the amount credited be less than the amount actually paid

CA ANU RAO (CA IN PRACTISE) (128 Points)
Replied 30 June 2012

TDS deducted on rent only excluding Service Tax

Parankush Tiwari (CA FINAL ) (68 Points)
Replied 30 June 2012

agree with CA praveen singh

antony sebastian (Chartered Accountant) (100 Points)
Replied 30 June 2012

TDS is to be deducted on the amount EXCLUDING SERVICE TAX

snskrishna chaitanya (analyst) (23 Points)
Replied 30 June 2012

as the service tax on rent is not either an income or rent in the hands of the land lord. he is only a trust holder for the service tax amount whether he is registered under service tax or not. hence, tds is payable on rent amount.

ssrgupta

Chartered Accountant.