Renting on immovable property
This query is : Resolved
25 June 2013
When payment of service tax liabiity to government arises to landlord in case of rental amount received on renting of immovable property.
Guest
Guest
(Expert)
25 June 2013
DEAR
RENTING OF RESIDENCE PROPERTY IS FULLY EXEMPTED FROM SERVICE TAX.
HOWEVER, RENTING OF PROPERTY OTHER THAN RESIDENCE PROPERTY IS LIABLE TO REGISTER UNDER SERVICE TAX IF RENT INCOME EXCEEDS LIMIT OF RS. 10,00,000/-
RENTING OF RESIDENCE PROPERTY IS FULLY EXEMPTED FROM SERVICE TAX.
HOWEVER, RENTING OF PROPERTY OTHER THAN RESIDENCE PROPERTY IS LIABLE TO REGISTER UNDER SERVICE TAX IF RENT INCOME EXCEEDS LIMIT OF RS. 10,00,000/-
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