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land lord raise Rs 107175/- as rent on leased premises
plus the service tax @ 10.30/- we deduct tds at the rate of
10% we avail 50% how to pass entries and how much amount
do we have to pay
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Answer Posted / guest
TDS should be deducted only on the amount of rent
paid(Excluding Service tax)@ 10% if the amount of rent paid
per annum is >180000.
In the Above case the land lord raised Rs.118214(i.e,
107175(Rent PM)+11039(Service tax @ 10.3%.
Now we Availed only 50%, that means 50% is Due so the amount
to be deducted as TDS on Total payment is Rs. 10717.5(i.e,
107175*10%)though we avail 50% we have to deduct TDS on total
Amount.
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