Service Tax on Lease Payment.
This query is : Resolved
07 February 2011
Dear Experts
Our company has a unit of Hard Coke Unit and company wish to give the unit on lease basis i.e. actual production per MT x rate per MT. Now my quarry is that whether service tax & TDS is applicable on this type of transaction? If yes then what will be the rates.
Thanks in Advance
Pradip Pandey
Accounts Manager
M-09143208140
Our company has a unit of Hard Coke Unit and company wish to give the unit on lease basis i.e. actual production per MT x rate per MT. Now my quarry is that whether service tax & TDS is applicable on this type of transaction? If yes then what will be the rates.
Thanks in Advance
Pradip Pandey
Accounts Manager
M-09143208140
Rajesh Kumar
(Expert)
08 February 2011
Service Tax is payable on renting of immovable property@ 10.3%.
TDS is applicable under Section 194-I (on rent) @ 10%.
TDS is applicable under Section 194-I (on rent) @ 10%.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
