Service tax on rental and commission
This query is : Resolved
09 July 2011
Dear sir,
One of my client getting rental income during a financial year Rs.9.00 lacs, Commission income of Rs.1.50 lacs and Interest income of Rs.1.00 lac.
He regd with service tax.
I want to know whether he exceeded the limit on service tax and whether he has to collect and pay service tax. If there is any notification i need it .
I request your goodselves to kindly clarify on the above issue.
with regards
dhilipkumar a.
One of my client getting rental income during a financial year Rs.9.00 lacs, Commission income of Rs.1.50 lacs and Interest income of Rs.1.00 lac.
He regd with service tax.
I want to know whether he exceeded the limit on service tax and whether he has to collect and pay service tax. If there is any notification i need it .
I request your goodselves to kindly clarify on the above issue.
with regards
dhilipkumar a.
09 July 2011
rental income + commission income is chargable to service tax. so he is liable to pay service tax on his taxable services above 10L
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