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Renting of immovable property

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 April 2011
4 people jointly own a property which has been rented for Rs.12 Lacs a year. Though each one is getting only Rs.3 Lacs each but the total figure of rent is more than Rs.12 Lacs.
Will ST be applicable in this case ?
Should the joint owners get ST No. as an AOP ?
Please support your answer with relevant extracts from the finance act or court judjements..
Thanx..
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CA Navin Jain

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CA Navin Jain (Expert)
07 April 2011 ST IS NOT APPLICABLE IN THAT CASE
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Querist : Anonymous

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Querist : Anonymous (Querist)
07 April 2011 "Please support your answer with relevant extracts from the finance act or court judjements.."
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