Rent received on properties and on hiring machinery
This query is : Resolved
28 October 2011
Sir, If I received rent during the financial year 2011-12 on properties Rs.76000/-p.m. or say Rs.912000/- p.a. and on hiring machinery Rs.125000/- p.m. or say Rs. 1500000.00
Please tell me that above said amount is covered under service tax or not.If yes,how much i can avail exemption on these transaction.
Please tell me that above said amount is covered under service tax or not.If yes,how much i can avail exemption on these transaction.
Ram Avtar Singh
(Expert)
28 October 2011
No exemption in your case please pay Full service Tax
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