How much TDS deductable on amount including Services Tax on Car Parking Rent?
Rishikesh kumar singh (Service) (55 Points)
18 April 2011How much TDS deductable on amount including Services Tax on Car Parking Rent?
Devendra
(Chartered Accountant)
(4775 Points)
Replied 18 April 2011
TDS u/s 194I other than Plant and Machinery to be deducted @ 10% including Service Tax.
( Threshold limit for Rent is Rs. 180000 p.a )
Regards,
Devendra K
Rishikesh kumar singh
(Service)
(55 Points)
Replied 18 April 2011
Thanks sir.
Is there any circular in this context ?
Rup Kumar
(finance manager)
(288 Points)
Replied 18 April 2011
The TDS is deductible u/s 194I for Rent of land & building @ 10% without taking the amount of service tax in account. Because service tax is not a receipts of the assessee, but a realisation in favour of Govt.
No circular are there in this respect at all.
Rajagopalan
(EXECUTIVE FINANCE)
(56 Points)
Replied 19 April 2011
Dear sir
How much tds is deductable for the online advertisement in AMERICAN EXPRESS SITE.pAYMENT MADE IN US DOLLARS.Also I require threshold limit for the same.Please give the details Sir.
rajagopalan S.
rajagopalan.s @ odyssey.in
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