Should Income Tax should be deducted on the Service tax Charged on rent?.Suppose I have received a bill for Rent Rs.7,334.96 ie Rent Rs.6,650/- and service tax Rs.684.96.The question is whether Tds should be made on Rs.6,650/- or total amount Rs.7,334.96.Kindly clarify
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Tds on service tax chargd on rent
Replies (2)
U only deduct on rent i.e. 665
As Rent is the income of landlord not the service tax.
| Originally posted by : Babukmenon | ||
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Should Income Tax should be deducted on the Service tax Charged on rent?.Suppose I have received a bill for Rent 7,334.96 ie Rent 6,650/- and service tax 684.96.The question is whether Tds should be made on 6,650/- or total amount 7,334.96.Kindly clarify |
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Deduction of Tax on Service Tax component of rental income vide circular No. 4/2008 of CBDT dt. 28.4.2008 it has been clarified that deduction u/s. 194 I would be required to be made on the amount of rent paid/payable without including the Service Tax. This is so, as Service Tax does not partake the nature of income of the landlord.
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