Service tax paid on Rent
This query is : Resolved
13 August 2007
Will Service Tax paid on Rent be allowed as deduction while calculating the Exemption U/S 10(13A). If yes, is it mandatory to show service tax seperately on the Rent Receipt? Whether the treatment will differ if it is not shown seperately on the Rent Receipt.( please answer from the point of view of Salaried Person)
13 August 2007
Yes you can claim subject to other restrictins on calculations as per Income Tax Act.
13 August 2007
Ahuja sir thanks for your reply. May i know what are the other restrictions that are imposed by the Income Tax Act.
14 August 2007
But Service tax on rent should be for Rent for Business/commercial Purpose .from where question about sec.10(13A) is coming
14 August 2007
See Sachin,
Rent is inclusive of service tax and in the rent receipt it need not be shown separately from the view of payer of the rent.
But for the receiver of rent, To pay service tax - it may be required.
Payer can include service tax paid on rent also in rent so as to compute Sec.10(13)-HRA.
I hope this could be the possible answer for your query.
There are no procedural restrictions in INCOME TAX ACT on this topic.
Rent is inclusive of service tax and in the rent receipt it need not be shown separately from the view of payer of the rent.
But for the receiver of rent, To pay service tax - it may be required.
Payer can include service tax paid on rent also in rent so as to compute Sec.10(13)-HRA.
I hope this could be the possible answer for your query.
There are no procedural restrictions in INCOME TAX ACT on this topic.
14 August 2007
I think - Restriction on calculation - As given by ahuja sir means that limits mentioned In 10(13).
15 August 2007
Dear Sir
Service tax could only be on rent for commercial buildings only.
Sec 10 (13A) of the Income tax act 1961 deals with rent on residential buildings only.
How comes the question of service tax on rent for residential building?
Service tax could only be on rent for commercial buildings only.
Sec 10 (13A) of the Income tax act 1961 deals with rent on residential buildings only.
How comes the question of service tax on rent for residential building?
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
- TDS on TRUST
- Section 50-fixed asset-->building ceases to exist
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Consolidated financials
- Tds on commission charges
- 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
