01 April 2009
We pays rent of Rs.22000/month. Owner is not agreing to deduct any taxes. Do we need to deduct any service Taxes, or TDS from him?. if he is not agreeing, what is the impact of it?
(1) Service Tax: As "Service Provider", Owner is responsible.
(2)TDS:
(i) As "Payer", you are responsible to pay TDS amount u/s 194I
(ii) If Owner is not agreeing, you pay TDS amount from your funds
(iii) Manage to collect PAN No from Owner. Without this information, you will get into problem while submitting TDS Return
(iv) Do not issue Form 16-A until Owner agrees to reimburse the TDS amount to you (Of course, after remitting TDS amount, you have no right to withold issuance of Form 16-A)