Renting of immovable property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 February 2014
is leasing & renting one & the same as per service tax definition
15 February 2014
yes ...renting includes leasing...
15 February 2014
following is the definition of renting:
Renting of immovable property ”includes renting, letting, leasing, licensing or
other similar arrangements of immovable property for use in the course or furtherance of business or commerce
but does not include —
(i) renting of immovable property by a religious body or to a religious body; or
(ii) renting of immovable property to an educational body, imparting skill or knowledge or lessons on any subject or field, other than a commercial tr
aining or coaching centre;
Renting of immovable property ”includes renting, letting, leasing, licensing or
other similar arrangements of immovable property for use in the course or furtherance of business or commerce
but does not include —
(i) renting of immovable property by a religious body or to a religious body; or
(ii) renting of immovable property to an educational body, imparting skill or knowledge or lessons on any subject or field, other than a commercial tr
aining or coaching centre;
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