Interested to Buy Any Domain ? << Click Here >> for more details...
Why Tds is not deducted on service tax amount of rent
bill(let out for business purpose).
- 2 Answers
- 12184 Views
- Mphasis, VNS Accessories, I also Faced
- E-Mail Answers
Answer Posted / shweta
Clarification has been issued in such a manner like that
this issue were never a issue at all.what is wording please
look
"Service tax paid by the tenant doesn't partake the nature
of income of the landlord."
By this the CBDT has indirectly fixed a relation between
Income and TDS whether it has been fixed intentionally or
unintentionally,but this clue/wording can be used for other
tds provisions by the assessee in his defense while not
deducting tds on reimbursement of taxes so we can draw a
conclusion that if person is getting mere reimbursement of
taxes than tds should not be deducted.
For calculating the amount of 120000 now service tax amount
should be excluded ,suppose if a person pay rent of rs
108000 to payee and 12.5% service tax on rent i.e 13500.in
this case though total amount paid is 121500 but tds is not
deductible after clarification as rent amount is only
108000 and less than 120000 prescribed in the section 194-I
Read more: http://www.simpletaxindia.org/2008/05/tds-on-
rent-194-i-not-including-service.html#ixzz0fbMcDXyh
Under Creative Commons License: Attribution
| Is This Answer Correct ? | 2 Yes | 5 No |
Post New Answer View All Answers
what is tax avoiding?
How To fill vat, Tds, Service tax Return Form? Please Explain With an Example.
WHAT IS SHEDULE , HOW MANY TIPE OF SHEDULE IN COMPANY & PARTNERSHIP FIRM , WHAT IS IN EACH SHEDULE HEAD CONTAIN , PLEASE GIVE ME THE ANSWER ON MY E.MAIL sonidilip87@yahoo.com
What is Stock Reconciliation Statement , why we make the Stock Reconciliation Statement.
What is Form-I, FORM-F, FORM-H, FORM-E and FORM-C?
HOW MUCH PENALY IF SALES TAX IS NOT PAID ON DUE DATE IN HARYANA SALES TAX
the TDS rates and Income rates are equal in calculation of the salary and please send the IT slab rates for the employees and comapnies.
What do you mean by fair rent?
How to reconcile a Vendor who is a supplier as well as a Contractor?
How to show reject material in ER1
how will one calculate TDS when the bill is with service tax (SAY an AMC bill ) and what treatment will be there when it is a rent bill with service tax. is there any rules in income tax as to deduct double taxation?? pls help with rules sir
At what rate firms are required to pay tax on their income?
Define deferred tax liability? What items come under deferred tax liability?
is there any necessity to file TDS to purchase a thing even ater paying vat
Can you please provide me the present VAT precentages in Andhra pradesh and other states CST persentages with good's wise.
