Menu
Service tax and tds are applicable on lease business
We are maintain the partnership firm of Hotel (only accommodation). Three managing partners on this business. Now the partners has decided to give their business on lease. The lessee has agreed to pay the monthly remuneration to the partners for the purpose of lease business. There is any tds/ service tax applicable for the partner remuniration for the lease business. How will show the books in these transactions. Can any one guide to me..... what are the amounts comes under the incidence of the tax in the lease partnership firm.
Replies (4)
thank you for prompt reply, which TDS section applicable and you are pass the journal entries in the books of firm of lessee. If lessee maintain the books of firm, then partner remuniration is expenditure for him. How the lessee show the entries in the books of firm
Recent Threads
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
- Family Pension Army
Related Threads
CAclubindia
