abt tds on rent
This query is : Resolved
Guest
Guest
(Querist)
15 July 2008
can any one tell me the new rate of tds on rent(94i)
i cant understand the circular issued in may..
thanks in advance
i cant understand the circular issued in may..
thanks in advance
15 July 2008
Dear Varun,
There is no change in the rate of tds on rent u/s 94I. It is same as before. 15% + (surcharge & education cess) in case of individual & 20 % + (surcharge & education cess) in case of corporate assessees. I think you r giving the reference of the circular which is in respect of deduction of tds only on rent portion excluding the service tax. This circular has nothing to do with the rate of TDS.
There is no change in the rate of tds on rent u/s 94I. It is same as before. 15% + (surcharge & education cess) in case of individual & 20 % + (surcharge & education cess) in case of corporate assessees. I think you r giving the reference of the circular which is in respect of deduction of tds only on rent portion excluding the service tax. This circular has nothing to do with the rate of TDS.
Guest
Guest
(Querist)
15 July 2008
thanks
bt i face the prob abt it as there is diffrence rate aplcbl from may.
i know abt the rate as u have told already
can u clear broadly abt" excluding service tax"
bt i face the prob abt it as there is diffrence rate aplcbl from may.
i know abt the rate as u have told already
can u clear broadly abt" excluding service tax"
16 July 2008
In that circular it is clarified that the tds to be decuted on the rent only & not on the gross amount of rent including service tax as service tax is not an income of the service provider but the liability of the provider. Give me ur mail id so that i can send u that circular.
Guest
Guest
(Querist)
16 July 2008
thanks sir ji
i m now fully clear abt it.. thanks
my mail id..mrvarunca@gmail.com
i m now fully clear abt it.. thanks
my mail id..mrvarunca@gmail.com
17 July 2008
You can refer to the circular No. 4/2008. I will send it to u.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Disallowance of Section 43B(h) to sez units
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
