TDS on Rent
This query is : Resolved
06 January 2009
I am paying a rent for my office including service tax, so should I deduct the TDS on the whole amount or I have to deduct service tax from the rent and then deduct TDS
06 January 2009
u need to deduct exclusive of service tax in case of rent;i.e, tds is to be deducted on rent portion only.
06 January 2009
The following example gives you a clear picture of the provisions relating to rent, service tax and TDS.
06 January 2009
Let us assume the total rent is 10,00,000 and TDS is 15%, and the service tax rate is 12.36%.
06 January 2009
Total rent = 10,00,000
Add: Servie tax = 1,23,600 (i.e 12.36% on 10,00,000)
Less: TDS = (1,50,000) (i.e 15% on 10,00,000)
Total amount to
be paid = 973600
Add: Servie tax = 1,23,600 (i.e 12.36% on 10,00,000)
Less: TDS = (1,50,000) (i.e 15% on 10,00,000)
Total amount to
be paid = 973600
06 January 2009
So you need to deduct TDS on the rent portion only.
06 January 2009
And not on the amount that is including service tax.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- ITC EXCESS CLAIM + RCM NOT PAID...BOTH FOR FY 2020-21......PAID IN FY 2024-25....EFFECT
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
