Renting of immovable property

This query is : Resolved

Ravi Prasad (Querist)
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30 November 2012 Dear all,
When rent is collected along with service tax, whether the deduction for property tax is available or the whole amount collected as ST to be paid?(without pro.Tax adjustment)

Thanking you

RENGARAJ R.K

RENGARAJ R.K (Expert)
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30 November 2012 The procedure is you can deduct property tax (proportionate) value in the monthly rent and collect service tax on the balance amount.

Rent Rs.10,000.00
Less: prop tax Rs. -1000.00
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Net Rs.9000.00
Add: Ser.tax @ 12.36% .....