Easy Office
LCI Learning

Rent

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 November 2013 I have a hotel and i have given it to a comoany t run the hotel and the consideration i will get is 20% of gross reciepts.
Now is service tax applicable on can it be called rent.
Profile Image

CA Kapil Verma

Profile Image

CA Kapil Verma (Expert)
26 November 2013 yes its rent calculated on revenue basis.

if your rent exceed 10 Lac per annam , then service tax will apply
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
27 November 2013 But it is not a fixed income....it cant be called as share of revenue what.
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CA Kapil Verma

Profile Image

CA Kapil Verma (Expert)
27 November 2013 The method of calculation can be differ but its rent by nature.

also you TDS should has been deducted u/s 194I

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links