Rental income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 April 2012
I Have rented my godown @ Rs 7000/ per month to a proprietor ship firm.How much sevice tax should I charge him for F.Y 2011-2012.I need urgent advice
05 April 2012
Since your gross turnover for the year does not exceed Rs. 10 lakhs, you are NOT liable to service tax.
Accordingly you will NOT charge service tax on your invoice.
Accordingly you will NOT charge service tax on your invoice.
CA Prashant Gupta
(Expert)
05 April 2012
Service tax is applicable if turnover exceed Rs. 10 Lacs, if it is within limit then no need to charge service tax.
07 April 2012
Both the experts are right and you need not bother about service tax as well as TDS as both are not applicable to you.
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