13 March 2015
INDUSTRIAL SHED GIVEN ON RENT IN MIDC AREA RENT RECVD RS 120000/- PM WHETHER SERVICE TAX IS APPLICABLE OR NOT AND IF APPLICABLE WHATS IS RATE OF SERVICE TAX AND MUN TAX WILL BE DEDUCTED OR NOT IF DEDUCTED WILL BE DECUTED FROM RENT RECVD OR SERVICE TAX PAYABLE
14 March 2015
Service tax is applicable on the type of transaction mentioned. however, you can take benefit of SSI exemption. TDS is applicable on rent received above 1,80,000 and TDS if deducted will be exclusive of service tax.
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