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How to calculate TDS on rent when rent is added with
service tax?

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How to calculate TDS on rent when rent is added with service tax?..

Answer / sm

suppose rent bill of Rs.5000
and service tax on it 12.36=618
now the net value of bill is Rs.5618
we will deduct the TDS @10% on Rs.5000 only=500
(BDT had issued a Circular No. 4/2008 dated 28.04.2008, wherein it was clarified that tax is to be deducted at source under Section 194-I of the Income-tax Act, 1961 on the amount of rent paid/payable without including the service tax component.)

Is This Answer Correct ?    2 Yes 0 No

How to calculate TDS on rent when rent is added with service tax?..

Answer / binod kumar singh

suppose rent bill of Rs.5000
and service tax on it 12.36=618
now the net value of bill is Rs.5618
we will deduct the TDS @10% on Rs.5618=562

Is This Answer Correct ?    6 Yes 6 No

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