Service tax on rent of immovable property-municipal taxes

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CA Parul Saxena

CA Parul Saxena (Querist)
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02 March 2015 Whether house tax paid during the year also to be deducted while paying service tax amount??

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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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.

CA Parul Saxena

CA Parul Saxena (Querist)
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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??

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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02 March 2015 Deduct the amount from the rent of the month in which house tax is paid and from subsequent months.

CA Parul Saxena

CA Parul Saxena (Querist)
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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??

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 March 2015 Yes it has to be deducted from rent to calculate service tax.

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