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Tax liability

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(Querist)
30 December 2011 if co-owners are receiving total rent of Rs.1980000 pa. from leasing of immoveable. and lease agreement cleary define the 50% share of Rent of each co owner. Are they liable for payment of service tax .
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CA Deepak S

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CA Deepak S (Expert)
31 December 2011 No they are not liable for service tax since total rent per year does not exceed Rs 10 lakhs

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