Service tax on rent of residential property
This query is : Resolved
14 October 2014
If any builder or any company let out a flat for residential purpose,
Service tax will be chargeable on this rent or not?
Service tax will be chargeable on this rent or not?
14 October 2014
If it is used for residential purpose no service tax will be payable.
14 October 2014
builder is registered under service tax.
And also have rental income of Rs. 897000/- from commercial property let out.
And residential flat is going to be let out for 21000/-pm.
Then?
And also have rental income of Rs. 897000/- from commercial property let out.
And residential flat is going to be let out for 21000/-pm.
Then?
14 October 2014
Service is under negative list of services as per section 66D(m), hence not liable for service tax.
14 October 2014
I read somewhere that if Rental income exceeds 10 lacs then service tax will be charged? is it true or not?
14 October 2014
If it is a residential property used for residence the rental income even it exceeds 10 lacs no service tax payable.
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
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
