Renting of immovable property
This query is : Resolved
19 September 2011
Respected experts
Please guide me in my following query.
Fact
Real estate developer construct a residential cum commercial building.
Now he let out the some unsold portion of commercial as well as residential units.
In this situation whether service tax is calculated on rent income from residential unit or not.
How to calculate service tax
Please reply.
Thanks in advance.
Please guide me in my following query.
Fact
Real estate developer construct a residential cum commercial building.
Now he let out the some unsold portion of commercial as well as residential units.
In this situation whether service tax is calculated on rent income from residential unit or not.
How to calculate service tax
Please reply.
Thanks in advance.
19 September 2011
Service tax will be calculated on total value and no bifurcation will be made of the same.
19 September 2011
Thanks Vishrut
But further more clarification with any case law if any, required pls help
But further more clarification with any case law if any, required pls help
21 September 2011
Hi Hemant,
Explanation 2 to Section 65(105)(zzzz) reads as follows - Explanation 2. - For the purposes of this sub-clause, an immovable property partly for use in the course or furtherance of business or commerce and partly for residential or any other purposes shall be deemed to be immovable property for use in the course or furtherance of business or commerce.
Thus service tax would be applicable even on residential portion.
Explanation 2 to Section 65(105)(zzzz) reads as follows - Explanation 2. - For the purposes of this sub-clause, an immovable property partly for use in the course or furtherance of business or commerce and partly for residential or any other purposes shall be deemed to be immovable property for use in the course or furtherance of business or commerce.
Thus service tax would be applicable even on residential portion.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Copyright software
- SFT Cash Deposit in Current Account
- Regarding TDS Applicability For Director Remuneration
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
