Liability to pay tax
This query is : Resolved
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>>>
14 December 2013
no. there is no tax liability as long as the receipt is under 10 lakhs.
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
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Sales return eway bill
- Taxation on LTCG for property sold after 24JUL2024
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- LTCG for Assmt year 26-27
- Tax liability on income of freelancer
- Plot of land. Cost of Acquisition
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
