Poonawalla fincorp
Poonawalla fincorp

Service tax on rent income

This query is : Resolved 
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(Querist)
11 December 2015 If in any A. Y rent from the property is more than 9 lacs is that individual liable to apply for s.tax number??
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
11 December 2015 Yes. Required to take registration on reaching 9 lacs and pay Service Tax once the Rs 10 Lac limit is crossed.

If it is used for residential purpose no service tax is applicable.
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rinkesh

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rinkesh (Querist)
11 December 2015 Yes the property is rented for business purposes of other party. Now is it liabille for registration of stax
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
11 December 2015 Yes. Liable for Service Tax registration.

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