Rent from commercial property
This query is : Resolved
02 May 2014
Sir I wanted to ask that if rent derived from a commercial property is divided n received among two people then for the applicability to register in service tax..9 lakh limit is to b calculated combining d rent received by both people or individually??..m gttng confused...plz rep asap
02 May 2014
Well as per my view,SSI exemption is available to each co-owner.So you can consider the limit of 9,00,000 for each owner provided there share is ascertainable and each of them shows the renting income seperately in I.T return.
Relevant case laws:
2013(31)STR 325 Tri-Ahmd
Relevant case laws:
2013(31)STR 325 Tri-Ahmd
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