Service tax payment
This query is : Resolved
Ganti Srinivas
(Querist)
19 October 2009
We have a commercial complex and leased out to two tenants. They gave interest free security deposit. We have invested this amount in our business. When they vacate the building, we can return the same amount without interest.
My question: Is the interest part of this Rental Security Deposit is applicable for Service Tax?
My question: Is the interest part of this Rental Security Deposit is applicable for Service Tax?
Shyam Lal Naik
(Expert)
19 October 2009
Interest does not fall under the taxable category of "Renting of immovable property" or any other category.
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