Limit of service tax in india
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 August 2012
sir,
please tell me, service tax on house rent and its limit for the fin. year 2012-13
please tell me, service tax on house rent and its limit for the fin. year 2012-13
17 August 2012
negative list suggests that renting og residential property shall not attract service tax. Renting of commercial properties falls under the net of service tax. Assessee wise limit is 10 lakh.
21 August 2012
Yes, renting of residential property is not taxable. At the same time if any commercial activity is done at the house and in a portion, it will be treated as taxable. For e.g you are letting the house to a lawyer in the ground floor and in the first floor he runs a advocate firm. In such case, the first floor rent is taxable.
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 from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Copyright software
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- FORM 26A APPLICABILITY
- Multiple trade mark
- Transporter Declaration form
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
