Serive tax on renting

This query is : Resolved

Piyush (Querist)
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20 October 2013 what is the treatment in case where director rented his property to its company, whether service tax is applicable or not ???

Sanket

Sanket (Expert)
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20 October 2013 Service Tax is only mandatorily liable to be
paid if the total value of services provided by
the service provider exceds the threshold
limit of Rs. 10 Lakhs p.a. If the total value of
all services provided by the service provider
is less than Rs. 10 Lakhs p.a., he is not
mandatorily liable to pay service tax.

Sanket

Sanket (Expert)
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20 October 2013 However tds will be liable if total rent exceeds Rs. 1.80 lacs..

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