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rental income

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(Querist)
10 August 2010 my partnership firm (nature of business is kidney hospital)in total receipt rs.40lacs and one part of hospital building like shop are given on rent as a medical store and rent on these medical store rs.18000/-per year for the case service tax is applicale or not......? how to tax calculate...
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Anil Kumar Meena

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Anil Kumar Meena (Expert)
10 August 2010 yes...service tax is aplicable on you..

at flat 12% + cess(3%).

Thanks,
Anil
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Anil Kumar Meena

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Anil Kumar Meena (Expert)
10 August 2010 service tax is applicaple if your consolidated services more then 9lakh,,,whether you give 1 service or 50 services,..
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