section 65(105)(zzzz)
This query is : Resolved
03 July 2008
Renting of immovable property is taxable service under secvice tax Act. But when a person transfer a property to another person and legal formalities is still pending. In that situation the rent received from the tanent is taxable in the hand of the seller of buyer. Another question is that the tanent is not paid rent to the buyer because he is not the registered owner of that property. He pays the rent to the seller and seller further transfer the above rent to the buyer. In that situation what is the treatment of service tax act.
S.Srinivasaraghavan
(Expert)
03 July 2008
Taxable.
Tax is payable by the service provider
Tax is payable by the service provider
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