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Service tax on renting immovable property

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 February 2013 I have received Rs. 9 L in FY 2011-12 towards rent and Rs. 12 L in FY 2012-13. Can I claim basic exemption of Rs. 10 L this year.

Ramesh S
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CA Vipin Jain

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CA Vipin Jain (Expert)
01 February 2013 yes, you can claim exemption of Rs. 10 lacs
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Querist : Anonymous

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Querist : Anonymous (Querist)
02 February 2013 Thank you sir,

I have another query. If the tenant is doing the business of lodging, can I get exemption from service tax.
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CA Vipin Jain

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CA Vipin Jain (Expert)
02 February 2013 In my opinion- No. Services of lodging by tenant has nothing to do with your taxability.
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Querist : Anonymous

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Querist : Anonymous (Querist)
02 February 2013 thank you sir.

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