Service tax on rent

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Querist : Anonymous

Querist : Anonymous (Querist)

16 March 2013 A shareholder cum director earned rent on land hiring from its company. who should bear service tax?

Rajeev Kumar Garg

Rajeev Kumar Garg (Expert)
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16 March 2013 IF OWNER OF LAND AND PROPERTY IS COMPANY AND RENT AGREEMENT HAS BEEN MADE BETWEEN COMPANY AND TENANT, COMPANY WILL LIABLE TO PAY SERVICE TAX ON TOTAL RENT RECEIVED AFTER CROSS THE LIMIT OF 10 LACS.

OTHERWISE, DIRECTOR WILL PAY.
THANKS.
PLEASE CLICK ON "THANKS", IF YOU ARE SATISFIED WITH MY REPLY.
RAJEEV KR. GARG.
CONSULTANT.

Querist : Anonymous

Querist : Anonymous (Querist)

16 March 2013 OWNER OF THE LAND & PROPERTY IS SHAREHOLDER. COMPANY IS THE TENANT & RENT AGREEMENT IS MADE IN DUE COURSE. COMPANY HAS PAID RENT TO SHAREHOLDER.

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