Service tax rent property 2013
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 June 2013
If an individual receives rent from his immovable property as Rs 6lacs/year and Rs 32/year totalling to Rs 38lacs/annum:-
1. Can he pay Service Tax separately for both the Rents received ??
2. Kindly tell me the Calculation for Service tax which needs to be paid for the same amount? Pls keep in mind that last year rent received was less than 10lakhs, so service tax was not applicable last year
3. Can we deduct Property Tax (municipal tax) as a deduction while calculating Service Tax?
thanks in advance
1. Can he pay Service Tax separately for both the Rents received ??
2. Kindly tell me the Calculation for Service tax which needs to be paid for the same amount? Pls keep in mind that last year rent received was less than 10lakhs, so service tax was not applicable last year
3. Can we deduct Property Tax (municipal tax) as a deduction while calculating Service Tax?
thanks in advance
22 June 2013
1. No.
2. To pay ST on Rs. 28 lakhs ie., after claiming threshold limit per notification 33/2012-ST dated 20-6-2012.
3. Yes per notification 29/2012-ST dated 20-6-2012.
2. To pay ST on Rs. 28 lakhs ie., after claiming threshold limit per notification 33/2012-ST dated 20-6-2012.
3. Yes per notification 29/2012-ST dated 20-6-2012.
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