Help me fill out a NIL ST3 Rental Property

Queries 821 views 1 replies

Hi,

Could someone help me fill out Half yearly ST3  NIL return for immovable property. We did not exceed 10 lacs limit.

C1.Has the assessee availed benefit of any exemption notification (Y/N) ?

C2. If reply to column C1 is yes please furnish notificaiton Nos. ?

Do I need to fill out  amounts in these columns?

F (1) Service tax payable, against service provided etc, even though income did not cross 10 lacs?

Also we have paid for the first 2 quarters in anticipation that the tenant would continue. But he vacated in Sept 09. 

Thanks for all your help

Replies (1)

The answers should be as follows :

C1.Has the assessee availed benefit of any exemption notification (Y/N) ?

N

C2. If reply to column C1 is yes please furnish notificaiton Nos. ?

NA

Do I need to fill out  amounts in these columns?

F (1) Service tax payable, against service provided etc, even though income did not cross 10 lacs?

Enter the amount at the rate of 10.3% on total rent received. Remember that 10.3% should be calculated on the rental amount (without TDS deduction)

Also we have paid for the first 2 quarters in anticipation that the tenant would continue. But he vacated in Sept 09. 

The excess amount can either be adjusted in the next quarter or month depending on whether the rental service is being provided by individual/company, but only upto a limit of 1,00,000.

 

Since you can't adjust it, you can file a refund claim under section 11B of the Central Excise Act.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details