24 March 2010
Hi.. Form 13 needs to be submitted for lower deduction / nil rate of deduction of TDS...
In a particular case, the client is in receipt of Rent and accordingly the same will be covered under the head Income from House property. The property lent is in the commercial nature and the rent recd is inclusive of service tax.
The question is, for the purpose of computation of income, whether the gross annual value is to be taken inclusive of S.Tax or excluding the same? (since there will be difference in NAV in either of the case and accordingly estimated income will differ)
CAclubindia
