Service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 April 2014
If the owner of the property is Mr. A and Mr. B having share 50% both. Now they are receiving rent for Rs. 12lacs i.e. Rs 6 lacs by Mr. A and Rs. 6Lacs by Mr.B. They are raising their own bills of Rs. 6Lacs. So Please tell is there is a requirement of charging Service tax.
Rupesh Jain
(Expert)
09 April 2014
if property is commercial then
they have to pay service tax on rent amount .
due to amount is approx. Rs, 72 lcas per year.
limit is rs. 10 lacs
they have to pay service tax on rent amount .
due to amount is approx. Rs, 72 lcas per year.
limit is rs. 10 lacs
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