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

Answers were Sorted based on User's Feedback



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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