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TMI BlogRent IncomeX X X X Extracts X X X X X X X X Extracts X X X X ..... The agreement was earlier that the lessee shall pay rent plus service tax. Service tax has been deposited by landlord. Now the lessee says that he will pay only rent and the service tax shall be borne ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by the landlord. For the purpose of rent income, the rent income will be rent received by landlord minus the service tax deposited by him or the gross rent received. - Reply By Surender Gupta - The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply = As I understand, the issue is more related to TDS under section 194I of the Income Tax read with CIRCULAR NO 4/2008, Dated: April 28, 2008. For the purpose, the tenant is required to deduct ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TDS on the whole amount paid to landlord if he is making payment without service tax or service tax component is known to him. On the other side, where the rent is inclusive of service tax as per the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... agreement, it is advisable that landlord should raise a bill of rent after calculating rent on reverse charge method and showing service tax separately to enable the tenant to deduct TDS on total ren ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t minus service tax. As long as the issue is related to payment of serivce tax, service tax is payable as - gross amount multiply by 10.3 divided by 110.3 method - Rent Income - Query Started By: - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Dharmender Batra Dated:- 8-9-2010 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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