Applicability of service tax on building rent
This query is : Resolved
19 February 2015
Kindly advise whether the building given to a company on rent for its staff residential purose will attract service tax or not? The building may belong to an individual or the individual has also taken on rent for this purpose.
Regards,
Kindly advise whether the building given to a company on rent for its staff residential purose will attract service tax or not? The building may belong to an individual or the individual has also taken on rent for this purpose.
Regards,
21 February 2015
Hi Dhirendra,
As per Clause 'm' of Section 66D service by way of renting of residential dwelling for use as residence is covered under the Negative list.
Irrespective of the 'lessee' i.e. corporate or non corporate the service tax is not applicable. However, it is advisable to specifically mention in the lease/rent agreement that it is for residential purpose and no other use is permissible.
As per Clause 'm' of Section 66D service by way of renting of residential dwelling for use as residence is covered under the Negative list.
Irrespective of the 'lessee' i.e. corporate or non corporate the service tax is not applicable. However, it is advisable to specifically mention in the lease/rent agreement that it is for residential purpose and no other use is permissible.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Taxable or Tax exempt
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- TDS Deducted AY-2013-14 Not Reflected in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- Eway bill not cancelled within 24 hous what can be due
- CREDIT NOTES WITHOUT GST
- Eway bill generation from place other than registeted
- TDS Return Q1 FY 2026-27
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
