Service tax on renting of immovable property
This query is : Resolved
22 October 2013
Hi,
An Individual has an apartment containing 5 Flats meant for residential purpose. He is collecting Rs. 6 lacs p.a as rent from each flat and in total Rs. 30 lacs.
2 Flat is rented for running office and rest of the 4 Flats are residential.
In this case whether service tax is needs to paid?
What would be the case, the 1 Flat among the 2 Flats used for running office had been used as the Guest House of the Company?
Seeking experts opinion.
Thanks & Regards,
R.Muthuraj
An Individual has an apartment containing 5 Flats meant for residential purpose. He is collecting Rs. 6 lacs p.a as rent from each flat and in total Rs. 30 lacs.
2 Flat is rented for running office and rest of the 4 Flats are residential.
In this case whether service tax is needs to paid?
What would be the case, the 1 Flat among the 2 Flats used for running office had been used as the Guest House of the Company?
Seeking experts opinion.
Thanks & Regards,
R.Muthuraj
22 October 2013
He needs to apply for service tax registration..
He's liable to pay service tax as the gross receipts exceeds the exemption limit 10 lacs..
However he claim exemption of 10 lacs...
He's liable to pay service tax as the gross receipts exceeds the exemption limit 10 lacs..
However he claim exemption of 10 lacs...
10 October 2021
Service tax on residential rental income is exempted; but need to take registration if aggregate service value exceed 9 lakhs on any date.
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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Consolidated financials
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Putting a heading on received mail
- TDS on TRUST
- Regime change
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- 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
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
