Rent
This query is : Resolved
Querist : Anonymous
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.
Now is service tax applicable on can it be called rent.
26 November 2013
yes its rent calculated on revenue basis.
if your rent exceed 10 Lac per annam , then service tax will apply
if your rent exceed 10 Lac per annam , then service tax will apply
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 November 2013
But it is not a fixed income....it cant be called as share of revenue what.
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
also you TDS should has been deducted u/s 194I
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