Applicability of service tax
This query is : Resolved
27 November 2012
My client is builder.
He purchased one property where there is PAGHDI system.
In F.Y 2011-12 he got rent income from many tenants aggregating more than 10 lacs through cash.
So now in F.Y 2012-13 does he liable to pay service tax on this type of rent income?
He purchased one property where there is PAGHDI system.
In F.Y 2011-12 he got rent income from many tenants aggregating more than 10 lacs through cash.
So now in F.Y 2012-13 does he liable to pay service tax on this type of rent income?
28 November 2012
As per Not. 33/2012, the builder shall no longer be eligible for exemption in F.Y 2012-13. Hence he would be liable to pay service tax in the F.Y 2012-13.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- RCM INVOICING FROM NOV-2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
