Service tax on rental income immovable property- guest house
This query is : Resolved
09 November 2011
Dear Sir,
I want to know if there is service tax liability on an individual who has received rental income from lease of a residencial building given for residencial purpose to a LIMITED COMPANY. You are also requested to give us a site/reference of judgement/ruling. my email id is mpsbhopal@rediffmail.com
I want to know if there is service tax liability on an individual who has received rental income from lease of a residencial building given for residencial purpose to a LIMITED COMPANY. You are also requested to give us a site/reference of judgement/ruling. my email id is mpsbhopal@rediffmail.com
12 November 2011
Service tax is applicable on the Rent Income only when the limit of income exceed.
12 November 2011
There is no ST on house rent (Recedencial premises)& thats for sure Mr CS Bijoy.
12 November 2011
Renting of immovable property is governed by provisions of section 65(105)(zzzz). Under this section renting of immoveable property is taxable if it is given for use in the course of or, for furtherance of , business or commerce. From the meaning of renting of immoveable property , inter alia, building used for solely for residential purposes has been excluded.
Therefore, service tax is not payable in your case.
Therefore, service tax is not payable in your case.
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