service tax on rent
This query is : Resolved
Ravindra Adchule
(Querist)
23 March 2009
in the previous year (2008 -09 )we have give our office on rent of Rs. 150000/- p.a. and we have also collect service tax from tenant and paid to govt. In the next year (2009-10) we have reduced the rent amount Rs. 80000/- p.a. which is below Rs. 1,000,000/-(exemption limit) whether we have to charged service tax from tenant?. we have only this rent income.
CA Tilak Raj Sharma
(Expert)
23 March 2009
No, service tax will not be applicable. Exemption limit is 10,00,000.
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