SERVICE TAX ON RENTED IMMOVABLE PROPERTY-BUILDING
This query is : Resolved
23 December 2010
CAN ANYONE CLEAR MY CONFUSION,
WE ARE RENTING ONE IMMOVABLE PROPERTY(BUILDING) FOR BUSINESS PURPOSE,
DO WE HAVE NEED TO COLLECT SERVICE TAX FROM OUR TENANT.
MANOJ
WE ARE RENTING ONE IMMOVABLE PROPERTY(BUILDING) FOR BUSINESS PURPOSE,
DO WE HAVE NEED TO COLLECT SERVICE TAX FROM OUR TENANT.
MANOJ
J.KARTHICK
(Expert)
23 December 2010
By the Finance Act 2007, Central Government has extended the levy of service tax on renting of property also with effect from 1.06.2007 , under section 65(105)(zzzz) of the Finance Act 1994. Renting includes letting, leasing, licensing or other similar arrangement. Service tax is payable on the rental amount received less the actual amount of property tax paid.
Kapil Arora
(Expert)
23 December 2010
This is to inform that Punjab & Haryana High Court in the judgment titled as “Shubh Steels vs Union of India” has upheld the levy of service tax on renting of immovable property with retrospective effect.
if u want order pls provide your mail id
if u want order pls provide your mail id
24 December 2010
THANKS FOR YOUR REPLIES.
YOU CAN SEND ME THAT ORDER ON MY EMAIL ID- 'manojmparab@gmail.com'
Thank you
Manoj
YOU CAN SEND ME THAT ORDER ON MY EMAIL ID- 'manojmparab@gmail.com'
Thank you
Manoj
Kapil Arora
(Expert)
24 December 2010
i had mail to u
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