Service tax on inherited rented property
This query is : Open
17 December 2013
Two bothers have inherited property from their mother, so it's not a wilful association. The total rent is 16 lacs p.a. - 8 lacs for each brother p.a. Is the Service Tax applicable in this case?
CA Vikas Acharya
(Expert)
17 December 2013
doesn't matter services provided willfully or accidentally.
service tax is applicable
service tax is applicable
CA. Vikash Parakh
(Expert)
18 December 2013
Since each brother is getting 8 lacs rent per annum, both can claim threshold exemption of Rs.10 lacs, as both of them are service providers jointly. Hence service tax is not applicable.
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