Hello Everyone
Can any one give me a break up of how the Service Tax is to be calculated on TDS wherein the Landlord has already received 10 Lacs as his rent.
Rent Started from March 2011: Amounting to Rs 2lacs per Month, We were paying him Rs 180000 as rent and Rs 20000 as TDS. Now the total rent amount has crossed more than Rs 10lacs which attracts Service Tax. Can anyone let me know on which Amount the Service Tax is applicable and at What Rate?
Working out on the Above mentioned figures would be very helpful. Awaiting for your valuable replies.
Thanks & Regards
Shreyash
CAclubindia
