Liability to pay tax
This query is : Resolved
AMIT KUMAR
(Querist)
12 December 2013
Am i liable to pay service tax on the basis of the following conditions:
1. Service is Renting of immovable property.
2. From 01.04.2012 to 31.03.2013 there is not received any rent or there was no income.
3. From 01.04.2013 to 31.03.2014 there is only renting from 01.10.2013 to 31.03.2014. Rs.90,000 pm means total income from house property is only Rs.5,40,000 in the whole year.
4. I have already taken service tax no.
Q. Should i have to pay the service tax?
Anybody please solve>>>
1. Service is Renting of immovable property.
2. From 01.04.2012 to 31.03.2013 there is not received any rent or there was no income.
3. From 01.04.2013 to 31.03.2014 there is only renting from 01.10.2013 to 31.03.2014. Rs.90,000 pm means total income from house property is only Rs.5,40,000 in the whole year.
4. I have already taken service tax no.
Q. Should i have to pay the service tax?
Anybody please solve>>>
Nikhil Kaushik
(Expert)
14 December 2013
no. there is no tax liability as long as the receipt is under 10 lakhs.
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