1) How much tds is deducted on rent given to landlord ( office is on rent @ 39000/- Monthly rent ) 11 month contract 429000/- , 2 ) suppose rent agreement owner is given PAN card Copy . he gives bill of rs 39000/- + TAX 14.5% . in case how much we have to deducted TDS on rent ( at the time of pay / book the bill in our books of accounts )
20 January 2016
1. TDS will be deducted @ 10% under Section 194-I. 2. TDS will NOT be deducted on the service tax amount. Accordingly TDS will be deducted only on Rs. 39,000/-.
20 January 2016
Then TDS will be deducted @ 20%. However as you said they are charging service tax in the invoice, so service tax number will be mentioned on the invoice. Service tax number is PAN based. The first 10 characters of the service tax number is PAN
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