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

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... No TDS on service tax portion - Rent paid under section 194I - Commentaries / Editorials Dated:- 1-5-2008 - News - CBDT clarified that while deducted tax at source (TDS), the amount of service tax sh .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... all 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/ .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... - 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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... . 97360/- See:- Circular No. 4/2008 dated 28-4-2008 - Income Tax - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X