service Tax code for Commercial property on Rent

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139 Points Joined January 2009

Hi,

Iam working for an individual &  i want to know if i received rent from commercial property  given on rent to a company & they deducted the TDS on  Rent amount  +  Service Tax amount whether it is corret to deducted TDS on inclusive amount & please tell me the Service Tax Code in Filing the Challan for that Rent

Pooja

 

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On 19 January 2009 at 11:25 Report
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CHARTERED ACCOUNTANT
333 Points Joined January 2009

TDS is to be deducted only on rent amount (Exclusive of Service Tax) u/s. 194I of the I Tax Act, 1961. (Refer Circular no 4/2008 dt.28-4-2008)

Further Accounting code of services “Renting of Commercial Property” is 00440406.

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On 19 January 2009 at 15:13


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