I wanted to know on what value must one deduct the TDS. The case in point, Our land lord issues an inovice for the rental of the retail stores for say Rs.50,000+ service tax of 10.3 %
And below says please deduct TDS only on the rental value and not on the total value. But I get contradictory views for the same. I would be obliged if somebody can reply with relavent acts.
08 September 2009
Tds to be done only on rent (i.e., tds should not be done on service tax portion) CBDT has issued clarification in this regard last year itself.
CAclubindia
