Renting premises for set off
This query is : Resolved
08 May 2012
my sister in law has a SOP which she wants to rent it to my brother's proprietorship firm. Also, my brother has a commercial gala which he wants to give on rent to that firm itself. They are providing architects services and are registered for the same service in the service tax dept.
What will the service tax implications for the FY 11-12? Will they both have to get registered with ST dept for the service?
Further, till now my sister in law was an employee there in FY 12-13 she will become partner in the firm and the premises will be on rent with the firm. What shud i suggest them for taking set-off the service tax they get?
What will the service tax implications for the FY 11-12? Will they both have to get registered with ST dept for the service?
Further, till now my sister in law was an employee there in FY 12-13 she will become partner in the firm and the premises will be on rent with the firm. What shud i suggest them for taking set-off the service tax they get?
08 May 2012
HEY F.Y.11-12 HAS COME TO AN END.
PLEASE THINK OF F.Y.2012-13.
BOTH THE SPOUSES HAVE TO GET REGISTERED WITH SERTVICE TAX DEPARTMENT. GET SERVICE TAX NUMBER AND PAY THE SERVICE TAX @12.36% ON RENT RECEIVED. SERVICE TAX HAS TO BE PAID QUARTERLY AND FILE THE RETURNS SIX MONTHLY BASIS. FOR DETAILS REFER SERVICE TAX ACT.
PLEASE THINK OF F.Y.2012-13.
BOTH THE SPOUSES HAVE TO GET REGISTERED WITH SERTVICE TAX DEPARTMENT. GET SERVICE TAX NUMBER AND PAY THE SERVICE TAX @12.36% ON RENT RECEIVED. SERVICE TAX HAS TO BE PAID QUARTERLY AND FILE THE RETURNS SIX MONTHLY BASIS. FOR DETAILS REFER SERVICE TAX ACT.
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
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Query regarding TDS on EPFO Higher Pension Arrears*
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
