Service tax on rent of immovable property-municipal taxes
This query is : Resolved
02 March 2015
Whether house tax paid during the year also to be deducted while paying service tax amount??
02 March 2015
House tax paid during the year can be deducted from the rental income and service tax on that has to be worked out.
02 March 2015
but if till date we have not deducted taxes and paid service tax on full rent???
and one more thing house tax was aid mid of the year before that how can i work out the amount of house tax required to be deducted??
and one more thing house tax was aid mid of the year before that how can i work out the amount of house tax required to be deducted??
02 March 2015
Deduct the amount from the rent of the month in which house tax is paid and from subsequent months.
03 March 2015
If we are not getting municipal taxes from tenant we ourselves are bearing tax then also house tax amount to be deducted from rent to calculate service tax??
03 March 2015
Yes it has to be deducted from rent to calculate service tax.
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding TDS Applicability For Director Remuneration
- Value of property in capital gain
- FORM 26A APPLICABILITY
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
