TaxTMI 
TaxTMI 
No TDS on service tax portion - Rent paid under section 194I
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....o TDS on service tax portion - Rent paid under section 194I <br>News and Press Release<br>Dated:- 1-5-2008<br><BR>CBDT clarified that while deducted tax at source (TDS), the amount of service tax shal....
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....l 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/- A....
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....mount 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<BR> News - Press release - PIB....