tds on rent

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Querist : Anonymous

Querist : Anonymous (Querist)

15 August 2010 wheather tds on rent is to be deducted on gross or net of service tax?

CA Sanat Pyne

CA Sanat Pyne (Expert)
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15 August 2010 As per Circular No.4/2008 dated 28.4.2008, it was clarified that TDS on rental payments would be required to be made only on the basic rental amount without including service tax. In other words, TDS should not be made on the service tax portion of the rent.

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Aditya Maheshwari

Aditya Maheshwari (Expert)
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15 August 2010 TDS should not be deducted on service tax component levied on rent. On rest all payments TDS deductible.

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Jitender

Jitender (Expert)
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15 August 2010 i also agree with the above view.

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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16 August 2010 Agreed.. TDS to be deducted on Rent without service tax.

CMA Arif Farooqui

CMA Arif Farooqui (Expert)
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30 August 2010 As per Circular No.4/2008 dated 28.4.2008, TDS is not required to deduct on service tax on rent. in any other case TDS is deductible on gross amount inclusive of service tax.