22 April 2008
Dear sirs, one of My client is Having service tax reg.with Business auxilary service Cat. and he is paying service tax as a propretorship base besides that he is getting Rental Income Below 10 Lakhs whether he has to pay service tax on that Rental income or Not and now he is going to convert his Business in Partner Ship firm and in that firm he is one of the partner so now what ever his Rental Income is less than 10 Lakhs only, but I hered if one preson having income under proprietor ship and same person is having Partner ship business in service tax Law they will club the both income. whether it is correct are not, pl. give me a detailed clarification. if he is converted his business into Partner ship he has to pay the service tax on what ever rental Income is less than 10 Lakhs or NOT
25 April 2008
1give me Clear Answer to me he has to pay tax or not suppose if he is convert his business in Partner ship firm 2. then he need to pay Tax on what ever rental income is less than 10 Lkhs or Not
CAclubindia
