banner_ad

Rent

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 September 2012 Dear Sir,
Our pvt ltd company is in gujarat with own shed , we have another one shed is in maharasta which we give to other company on rental total yearly rent amount (300,000) , we have any liability to pay service Tax ? (IF yes please provide calculation also)
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
23 September 2012 If that is the ONLY service you are providing, you have the limit of 10 lakh before your company enters the field of paying service tax. If your cmpany is already providing other services above 10 lakh, then calculation will be 3,00,000/1.1236 say 266998 as rent and 300000-266998 = 33002
Profile Image

CA.Vinita Gupta

Profile Image

CA.Vinita Gupta (Expert)
24 September 2012 Section 66E of the Finance ACT 1994 states Renting of Immovable Property (Commercial Property)as Declared Service.

But since yours is a case of SSP you can avail Rs. 10 lakhs exemption limit therefore you are not liable to pay tax
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details