Renting of immovable property

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Querist : Anonymous

Querist : Anonymous (Querist)

27 May 2013 WHEN DO WE HAVE TO CHARGE SERVICA TAX ON RENTING OF IMMOVABLE PROPERTY ??? WHO CAN CHARGE IT ???

CA Vikas Acharya

CA Vikas Acharya (Expert)
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27 May 2013 the owner who's property it is will charge the service tax from the tenant.
should be charged at the time of invoice raised after the completion of month and if in case rent received in advance then at the time of receiving rent meaning there by advance or invoice raised whichever is earlier.

note no service tax if residential property given for residential purpose.

also there are few exemption under notification 25/2012. consider them too.

Querist : Anonymous

Querist : Anonymous (Querist)

27 May 2013 WE HAVE TO DEDUCT TDS ON RENT AMOUNT OR INCLUSIVE TAX ???

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CA Vikas Acharya

CA Vikas Acharya (Expert)
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30 May 2013 tds to be deducted excluding service tax on rental income as clarified by cbdt.