No TDS on service tax portion - Rent paid under section 194I

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..... No TDS on service tax portion - Rent paid under section 194I
News and Press Release
Dated:- 1-5-2008

CBDT clarified that while deducted tax at source (TDS), the amount of service tax sha .....

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..... ll not be included. In other words TDS shall be deducted on rent portion only after excluding the amount of service tax if included in the gross amount. For an Example: Basic Rent = Rs. 1,00,000/- .....

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..... Amount of Service Tax @ 12.36% = 12360/- Total Amount to be Paid = Rs. 1,12,260/- Minus TDS @15% = 15000/- (Note: - Rate of TDS may vary on case to case basis) Net Amount to be paid = Rs. 97360/ .....

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..... - See:- Circular No. 4/2008 dated 28-4-2008 - Income Tax
News - Press release - PIB .....

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