Service Tax on Rent
This query is : Resolved
Mohd Sarfaraz Latibani
(Querist)
13 November 2008
I have received the rent of RS.7.90lacs in financial year 2007-2008.Will I have to pay service tax or not.
Ram Avtar Singh
(Expert)
13 November 2008
rent received 1,20,000/= exempt after excess amount service tax applicable
13 November 2008
if u provide any services like providing water,providing security...like these then only you hav to pay service tax which u collect from service receiver.. or alse no need...
if u have given only for rent den it will be taxable under income from house property..
if u have given only for rent den it will be taxable under income from house property..
13 November 2008
The property let out is whether commercial building or residential building and what is the monthly rent.
S.Srinivasaraghavan
(Expert)
13 November 2008
No service tax liability if the rental services by letting out property on commercial purposes is the only service you do and the receipt is Rs 7.90 lacs per annum.
Ravikumar.G
(Expert)
17 November 2008
Exemption limit is Rs.10,00,000/- Registration limit is Rs.9,00,000/-
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