27 February 2016
there is a huf providing services of rent. the tenant has deducted tds which has no issue. ques is tds has been deducted wholly for karta whose share is 1/3 of property
he has taken residential loan.
now should I consider loan 1/3rd for calculation for individual returns n pay service tax also 1/3rd or should I pay 100%?
please help me out
27 February 2016
Dear if the property is of hug then TDs should have been deducted in name of huf. As huf is a separate entity under income tax act. And then huf will take credit of TDs. Huf is registered separately
CAclubindia
