Service Tax on Commercial Property
This query is : Resolved
04 May 2010
Dear Sir/Mam
If I purchase the Property in the Joint Name and lease the same for Commercial activity and get the Total Rent of Rs.18,00,000/-.
Total rent distributed between the two ownerss of Rs.9lacs each.
Now the qestion is, whether the Service Tax Registration is require.
what is the impact if the Contract agreement is one and of Rs.18 Lacs.
kindly advice asap.
If I purchase the Property in the Joint Name and lease the same for Commercial activity and get the Total Rent of Rs.18,00,000/-.
Total rent distributed between the two ownerss of Rs.9lacs each.
Now the qestion is, whether the Service Tax Registration is require.
what is the impact if the Contract agreement is one and of Rs.18 Lacs.
kindly advice asap.
04 May 2010
Since the property is jointly owned and the amount of rent does not exceed Rs. 9 lacs no need for service tax registration.
If the Contract agreement is one and of Rs. 18 Lacs then specific share of each of the joint owners must be mentioned in the agreement.
If the Contract agreement is one and of Rs. 18 Lacs then specific share of each of the joint owners must be mentioned in the agreement.
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
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- Management System (IMS)
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Experts need help
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- FTS Taxable under 115A
- Rental income gst and it purpose
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
