Tds on rent..
This query is : Resolved
14 May 2012
TDS IS NOT CHARGEABLE ON SERVICE TAX PORTION OF RENT ON IMMOVABLE PROPERTY??Y??
14 May 2012
Yes. CBDT has clarified wide Circular no. 4/2008 dated 28.04.2008 that Service Tax paid by the tenant does not partake the nature of income of the landlord and therefor TDS is required to deduct without ST amount.
14 May 2012
THANK YOU SIRJI..!!
14 May 2012
Go through Section also
Section 194I speaks about "ANY INCOME" while other sections speak about "ANY SUM", this is the reason that TDS is deducted on only Rental Income while TDS on other section is on Gross Amount.
Hope you understood the interpretation of the Section.
Thanks
Mihir Doshi
Section 194I speaks about "ANY INCOME" while other sections speak about "ANY SUM", this is the reason that TDS is deducted on only Rental Income while TDS on other section is on Gross Amount.
Hope you understood the interpretation of the Section.
Thanks
Mihir Doshi
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