11 December 2009
ONE PERSON IS RECEIVING RENT FOR THE PROPERTY LEASED BY HIM FOR RS. 50000 P.A. THE PERSON RECEIVING RENT CHARGES SERVICE TAX ON RENT AMOUNT @ 10%. NOW, THE PERSON PAYING LEASE RENT IS REQUIRED TO DEDUCT TAX AT SOURCE ON SUCH RENT PAYABLE. THE QUESTION IS, ON WHICH AMOUNT THE PERSON SHOULD DEDUCT TAX AT SOURCE, WHETHER INCLUDING SERVICE TAX OR EXCLUDING?
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