27 March 2009
i have a property which has been given on rent of Rs. 125000/- per Month to a Pvt. ltd. Co. which used this property for the Hotel Business.
Accordingly my query is that whether such property is covered under residential property as prescribed under the provisions of service tax? if Yes, can i also liable to Collect & Deposit the Service Tax on Rent on immovable property.
CAclubindia
