Is TDS on rent applicable if Actual rental amount is lesser than 1,80,000 but due to service tax the expense increases above Rs 1,80,000. So should we deduct TDS or not?
Eg: Rent as per agreement is 1,68,000
Service Tax on same is 20,765
Total expense in P&L acount is 1,68,000+20,765=1,88,765
So TDS liability is attracted or not?
Also incase of tripartite agreement, if as per the agreement, Rent is paid to two parties, is TDS liability attracted if the total rental expense is more than Rs 1,80,000 but rent paid to each party is less than Rs 1,80,000 each.
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