Service tax on rental income immovable property- guest house

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Prabdeep Singh (Querist)
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09 November 2011 Dear Sir,

I want to know if there is service tax liability on an individual who has received rental income from lease of a residencial building given for residencial purpose to a LIMITED COMPANY. You are also requested to give us a site/reference of judgement/ruling. my email id is mpsbhopal@rediffmail.com

CS Bijoy

CS Bijoy (Expert)
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12 November 2011 Service tax is applicable on the Rent Income only when the limit of income exceed.

Prabdeep Singh

Prabdeep Singh (Querist)
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12 November 2011 There is no ST on house rent (Recedencial premises)& thats for sure Mr CS Bijoy.

PUNEET GOYAL

PUNEET GOYAL (Expert)
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12 November 2011 Renting of immovable property is governed by provisions of section 65(105)(zzzz). Under this section renting of immoveable property is taxable if it is given for use in the course of or, for furtherance of , business or commerce. From the meaning of renting of immoveable property , inter alia, building used for solely for residential purposes has been excluded.

Therefore, service tax is not payable in your case.

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