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Renting of Commercial Property by Individual

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(Querist)
07 January 2010
One of our clients renting commercial property on rent @ Rs.140000 per month.My question is, 1)whether service tax attract and 2) what rate of TDS may be deduct by lessee.
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Sunil

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Sunil (Expert)
07 January 2010 Service Tax is applicable at 10.3%.

Lessee will deduct TDS at 10% on the rental amount excluding service tax.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
07 January 2010 yes ST Applicable
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