service tax
This query is : Resolved
25 March 2008
can both service tax and income tax be levied on renting of immovable properties ... this issue was under contraversy ,,, what is the clarification
25 March 2008
Yes TDS deducted by the payer on behalf of receiver and Service Tax paid by the receiver.
25 March 2008
yes
26 March 2008
yes both Income tax and service tax both can be charged on rented property. It is not a double taxation, because one is charged on payer and other is charged to payee. one is direct tax and other one is indirect tax.
01 April 2008
Service tax is an indirect tax and income tax is a direct tax, indirect taxes are levied on the transaction and direct taxes are levied on the income earned by that transaction.
Service tax is leviable on the transaction value, means the gross amt. of rent-local taxes paid.
While income tax will be levied as per income tax act under house property.
Service tax is leviable on the transaction value, means the gross amt. of rent-local taxes paid.
While income tax will be levied as per income tax act under house property.
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
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Scrutiny and reopening of past returns
- Section 194JA & JB Income which ITR Form to use
- Under construction property in ITR
- PPF interest-As Exempt Income disclosure
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Booth for sales promotion
- GST ON TRAVELLING BILLS
- Indian IT Portal issue in computing tax as per UK-India DTAA
- F & O PROFIT REPORTING FOR AY 2026-27
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
