when person letting out his estate (land,buildings and other amenities ) for on a regualr retal basis will attract service tax ?
pls provide your opinion in detail it will be helful.
when person letting out his estate (land,buildings and other amenities ) for on a regualr retal basis will attract service tax ?
pls provide your opinion in detail it will be helful.
Yes, it is taxable. Renting of immovable proverty has been covered by declared services.
Services by way of renting of residential dwelling for use as residence is covered in negative list.
Renting for other than residential dwelling attracts service Tax
| Originally posted by : Swaraj Kumar | ||
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Services by way of renting of residential dwelling for use as residence is covered in negative list. Renting for other than residential dwelling attracts service Tax |
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Residential dwelling is covered in negative list whereas other than items covered in negative list is covered under declared services.
## Applicable : provided Rent whether single or in cumilate exceeds Rs.10 Lacs in a year .
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