Service tax on renting of residential property

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 December 2012 If an individual is giving his house on rent, then there is no service tax on renting for residential service. Suppose the individual charges Rs 70000/- p.m. as rent and apart from it Rs 50000/- p.m. for lift, parking, computer, garden and water supply. Now firstly the rent is out of purview of service tax. Secondly since the amount received for other services is less than Rs 10 Lacs in a year, there is no service tax liability on the individual (landlord). Is this contention correct or not?

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
Follow

11 December 2012 Yes.. this contention is correct since renting of residential property is not taxable service and accordingly, turnover of taxable services does not exceed Rs. 10 lakhs

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Mohammad Abdu Fayaz

Sidhartha sankar pillai

Anoop KK

Srikanthan S

Santosh Behera

Subscribe Now

Service tax on renting of residential property

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

GST CONSULTANCY

Manager- Finance and Compliance

CA Final

GST CONSULTANT

Senior Executive