Pls help TDS is applicable on service tax charged on Rent amount.
If rent 100000.00 100000.00
s.t. 12360.00 12360.00
Total 112360.00 112360.00
Tds 11236.00 or 10000.00
ANAND DHYANI (Tax Consultant) (48 Points)
16 July 2012Pls help TDS is applicable on service tax charged on Rent amount.
If rent 100000.00 100000.00
s.t. 12360.00 12360.00
Total 112360.00 112360.00
Tds 11236.00 or 10000.00
Karthik.M
(CA Final)
(77 Points)
Replied 16 July 2012
Santosh V. Thakur
(Sr. Accountant)
(187 Points)
Replied 16 July 2012
| Originally posted by : ANAND DHYANI | ||
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Pls help TDS is applicable on service tax charged on Rent amount. If rent 100000.00 100000.00 s.t. 12360.00 12360.00 Total 112360.00 112360.00 Tds 11236.00 or 10000.00 |
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1. If rent is paid on House Property then TDS (Sec-194I) it should be on 1,00,000/- (not included on Ser.tax & Cess) i.e. TDS @ 10% Rs.10,000/- , becoz Ser.tax is not income of House Owner. (Threshold limit - Rs.1,80,000/- per annum)
2. if rent paid on Plant & Machinery/Furniture TDS on Rs.112360/- (including service tax) i.e. TDS @ 2%.
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
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