KAVITHA BURMA (CA Final) (197 Points)
17 March 2011Our Company has to pay a rent of Rs.25000+Service Tax @ 10.3%
so i calculted in this way
25000+2575 = 27575 is Rent including Service Tax
and the TDS on Rent = 25000*10% = 2500
and the balance of Rs. 25075 i.e (27575-2500) has been paid to the owner
is may calculations are correct
please reply me soon as i have to pay tds
Pankaj Arora
(Learner)
(3134 Points)
Replied 17 March 2011
Calculate tds on rent after excluding service tax…
Tds don’t deduct on service tax u/s 194I
KAVITHA BURMA
(CA Final)
(197 Points)
Replied 17 March 2011
please see the above calcuation
i have did the same thing na
than its k na
i can proceed with the payment to the owner and also pay the tds
KAVITHA BURMA
(CA Final)
(197 Points)
Replied 17 March 2011
can u please tell me the rate of TDS
for not deducting the tds at right time
and also for late deposit
Pankaj Arora
(Learner)
(3134 Points)
Replied 17 March 2011
1% FOR NOT TDS DEDUCTED AND 1.50% P.M OR PART OF MONTH FOR LATE DEPOSIT TDS ……..
CAclubindia
