Service tax on rent income
This query is : Resolved
11 December 2015
If in any A. Y rent from the property is more than 9 lacs is that individual liable to apply for s.tax number??
11 December 2015
Yes. Required to take registration on reaching 9 lacs and pay Service Tax once the Rs 10 Lac limit is crossed.
If it is used for residential purpose no service tax is applicable.
If it is used for residential purpose no service tax is applicable.
11 December 2015
Yes the property is rented for business purposes of other party. Now is it liabille for registration of stax
11 December 2015
Yes. Liable for Service Tax registration.
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