Easy Office
LCI Learning

Lease rent

This query is : Open 
Profile Image

Profile Image

(Querist)
02 September 2013 Greetings of the day to all the learned experts!!!

We have let out our factory through lease rent agreement. Factory consists "factory Building and plant and machinery"

What will be VAT and Service Tax implications.

Lease rent is Rs. 250000 per month.
This is only an operating lease.
We are based at Karnataka.

Warm Regards
Profile Image

CA Parul Saxena

Profile Image

CA Parul Saxena (Expert)
02 September 2013 Service tax is applicable on lease rent and TDS is deductible @ 10%
Profile Image

Heera Nahariya

Profile Image

Heera Nahariya (Querist)
02 September 2013 thank you madam but what is about vat




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links