Service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 September 2011
IS THERE ANY SERVICE TAX ON RENT

IF YES - THEN WHAT ARE THE CONDITION AND WHAT IS THE RATE OF SERVICE TAX ON RENT INCOME

PLZ REPLY

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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24 September 2011 Service tax on rent is applicable if the arises from Immovable property @10.3%(including cess).
OM SAI SRI SAI JAI JAI SAI

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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25 September 2011 Condition is if Landlord Received Rent More Than 10 lacs in a Year then Only He Will Charge Service Tax or Pay to Govt by
Rent amt/110.3*10.3

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