04 February 2011
I’d like to know if service tax is applicable for immovable property like building. If so, what about TDS? Is TDS also applicable for the same? If so, on what basis TDS and Service Tax levied, on what amount? Whether on Rent or else?
05 February 2011
Q1 : if service tax is applicable for immovable property ?
Ans : Since this matter is pending in court but for safer side it is applicable
Q2 : TDS
Ans : As per srction 194 (I) TDS is applicable on payment amount of income and not on sum, therefore for rent purpose only we deduct tds without adding service tax.
Hope your doubt is clear now Best Regards For Asutosh & Pankaj Chartered Accountants Audit ! Assurance ! Risk Assesement ! Consulting
CAclubindia
