pooja (1) (139 Points)
19 January 2009Hi,
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
CA. Ashok shah
(CHARTERED ACCOUNTANT)
(333 Points)
Replied 19 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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