xien (db) (135 Points)
08 March 2013I am director of my pvt limited company (software). We have leased some office space.
Sometime for a long period of time office workstation is not used.
I am planning to rent out workstation for short duration of time in personal capacity.
do I have to deduct any service tax for this rental business? (note i have salary from the pvt company. plus i have FD interest income above 10 lakhs yearly).
Or I can just rent out and show this income as my personal income?
Manoj Agarwal
(Service Tax Consultant Rourkela ServiceTaxExpert@yahoo.com)
(3456 Points)
Replied 09 March 2013
xien
(db)
(135 Points)
Replied 10 March 2013
Manoj,
Thanks for the reply. Company have revenue more than 50 lakhs. But all revenue is from export of services (received in dollar). Hence no service tax so far. Still do company has to charge service tax from this small rental business?
regards,
TKKKKKK
(PRACTICING CA)
(3268 Points)
Replied 10 March 2013
you have provided only export service, it is exempt.So if you have not provided other taxable services,you should not charge service tax on rental income.(upto 10 lakhs)
CAclubindia
