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Service tax is applicable on rent received in hands of indiv

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 March 2012 Service tax is applicable on rent received in hands of individual by renting of flats.
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
15 March 2012 Taxable if the flat is given on rent for furtherance of business or we can say Commercial Rent.

If the building, in which the flat is situated and the flat is given in rent for residential purpose, then no Service Tax.
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Mihir Doshi

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Mihir Doshi (Expert)
15 March 2012 Agree with expert




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