when person letting out his estate (land,buildings and other amenities ) for on a regualr retal basis will attract service tax ?
pls provide your opinion in detail it will be helful.
6 Replies
BHUPENDRA ROHILLA
(STUDENT)
(56 Points)
Replied 13 January 2015
Yes, it is taxable. Renting of immovable proverty has been covered by declared services.
Swaraj Kumar
(Student CA IPC / IPCC)
(83 Points)
Replied 13 January 2015
Services by way of renting of residential dwelling for use as residence is covered in negative list.
Renting for other than residential dwelling attracts service Tax
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 13 January 2015
| Originally posted by : Swaraj Kumar | ||
 |
Services by way of renting of residential dwelling for use as residence is covered in negative list. Renting for other than residential dwelling attracts service Tax |
 |
Residential dwelling is covered in negative list whereas other than items covered in negative list is covered under declared services.
shreyas
(Student)
(260 Points)
Replied 13 January 2015
Renting for other than residential dwelling attracts service Tax
Soham
(Learning )
(534 Points)
Replied 14 January 2015
## Applicable : provided Rent whether single or in cumilate exceeds Rs.10 Lacs in a year .
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