Renting of immovable property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 October 2015
A person lets out immovable property as reced. rent as follows:
1. vacant land to pvt. ltd.company for 200,000/-
2. Residential house to Company for business for rs.500,000/-
3. Shop for rs.300,000/-
4. Residential House (recd. in Gift from father) to Individual for Rs.11,00,000/-
Whether service tax is levialble.
if yes then on what amount.
1. vacant land to pvt. ltd.company for 200,000/-
2. Residential house to Company for business for rs.500,000/-
3. Shop for rs.300,000/-
4. Residential House (recd. in Gift from father) to Individual for Rs.11,00,000/-
Whether service tax is levialble.
if yes then on what amount.
07 October 2015
No service tax applicable on renting of residential property. For other property service tax payable if it exceeds 10 lacs.
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