Rental charges
This query is : Resolved
08 August 2007
My institute proposes to let it premises for use by World Military organisation for a period of three months at chrages of Rs.15 lakhs lumpsum. What is the servie tax and income tax impliation.
08 August 2007
No Service Tax as the purpose is not for business or commercial use.
TDS at applicable rate will have to be deducted.
TDS at applicable rate will have to be deducted.
08 August 2007
TDS to be deducted as per 194I.
Income will be taxed under the head Income from house Property.
Income will be taxed under the head Income from house Property.
08 August 2007
Tds will be deducted at the rate precribed u/s 194I.
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