Tds caluculatio urgent

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 December 2011 we are paying rent for immovable property for 164843 ( inc of serv. tax and cess.) and also paying rent for CAM ( common area maintenance of 65938 ( inc of serv. tax and cess ) so please how much i have to deduct and i have to settle to the owner . whether we have to deduct tds on CAM charges or not please any one urgent

Gayathri Devi

Gayathri Devi (Expert)
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02 December 2011 Th TDS to be deducted for both Rent & CAM but exclusive of the service tax.
While considering the CAM if it is paid to the Landlord then the TDS to be deducted @ rant tds percentage itself.
otherwise if it is paid to contract then tds @ contract percentage.
Here it is not clear if it paid to the same land lord or not.
TDS rate for rant paid is 10%

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CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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02 December 2011 If the bill for CAM is separate, then deduct TDS under section 194C on this figure(65938) @ 1%(if the landlord is individual or HUF) else @ 2 %.

For rental bill, deduct TDS @ 10 % on only rent (excluding service tax & edu cess).

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CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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02 December 2011 If the bill for Rent & CAM is a consolidated one, then deduct TDS @ 10 % on the rent+CAM (excluding service tax & edu cess) under section 194 I

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Querist : Anonymous

Querist : Anonymous (Querist)

02 December 2011 but payment mede to the party of amt 214516 for both CAM and LAND rent both rent belongs to sangle party oly

Querist : Anonymous

Querist : Anonymous (Querist)

02 December 2011 please tell me how much i have to pay excatly to the party because last month they paid 214516 as a rental to the party so i got doubt

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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02 December 2011 I assume that you have received separate bills for Rent & CAM Charges & the breakup is :

Rent CAM
Base Charge 149450 59780
Service Tax 14945 5978
Edu Cess 448 180
Total 164843 65938
TDS 14945 1319
Net Payable amt 149898 64619
Net Total Payment 214517

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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02 December 2011 Due to alignment of cell you will not able to read my above reply correctly. Here I am reproducing it :

Rent - 149450/- Ser tax - 14945 Edu Cess-448
Total Rent Bill : 164843
TDS on Rent : 14945
Net Payment on Rent : 149898

CAM - 59780/- Ser tax - 5978 Edu Cess-180
Total CAM Bill : 65938
TDS on Rent : 1319
Net Payment on Rent : 64619

Total payment to be made : 149898 + 64619
===214517

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Querist : Anonymous

Querist : Anonymous (Querist)

02 December 2011 thank u subhash sir u are great. k k i received two bills seperate for RENT & CAM charges so this caluculation is right know

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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02 December 2011 You are welcome