Service tax on rent
This query is : Resolved
19 October 2012
Please let me know the service tax calculations on renting 6000 Sq.ft building area to a nationalized Bank. The rent receivable is Rs. 1,50,000.00 per month. I am a salaried person.
19 October 2012
Dear Sir, Service tax exemption limit is Rs.150000/- per annum. You crossed your limit hence you have to opt for service tax registration and pay.
20 October 2012
If its the first year u need to charge s.tax on amount exceeded 10 lakh ...and from next year charge on total amount....rate of service tax as of now is 12.5%...if any property tax is paid such amount to be deducted from such value...
20 October 2012
There is an immovable property(not a agriculture land),title in the name of my father ,me & my mother are co-owner . we want to rent the property. And expected rent would be around Rs. 1.25 - 1.5 lakhs per month.what will be the service tax implications??
24 July 2025
https://docs.google.com/document/d/19D8Ns4nXdA6bIgYeEgg73FL9UU5tyYEsU_fJKQrqIXk/edit?usp=sharing
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
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- 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
