TDS on rent
This query is : Resolved
16 November 2009
is TDS on Rent should deduct on the base value of the Invoice i.e. exclusive service tax?
16 November 2009
You have to deduct it inclusive of the Service Tax. Service Tax being an indirect tax on the service forms an integral part of the bill for service. Same way you are also claiming 80C deduction on LIC Premium inclusive of the service tax.
16 November 2009
Yes exclusive of service tax. For details refer CBDT Circular 4 of 2008 dated 28/04/2008.
16 November 2009
Agreed with B.Chackrapani Warrier. Don't deduct the tds on service part.
17 November 2009
can u please clarify the reason why only in case of TDS on Rent will be deducted from the vase value of invoice excluding service portion?
in CBDT Circular 4 of 2008 dated 28/04/2008 that is mentioned that we are working as collecting agent on behalf of Govt. in case of Service tax. but that is true for all type of Service tax.
so what is the reson for make this circular against Rent only?
in CBDT Circular 4 of 2008 dated 28/04/2008 that is mentioned that we are working as collecting agent on behalf of Govt. in case of Service tax. but that is true for all type of Service tax.
so what is the reson for make this circular against Rent only?
17 November 2009
Gopa we all agree with your contention, but the circular is issued only against rental income tds deduction u/s 194I.
You can take this circular as base & file the petition for issuing the same circular for all tds provision sections.
You can take this circular as base & file the petition for issuing the same circular for all tds provision sections.
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