We pay a rent of 8.90 Lacs/year for our office. This is our landlords only rental property. Her other income is from salary and pensions.
Should she be charging us service tax? She was advised that since her rental income is less than 9L or 10L, she is not obligated to register for service tax and collect it etc. Is this correct advice? Is the answer different if the property in question was a residential rental or commercial office rental?
If the rent increases to more than 9L or 10L/year , what will change in regards to her obligations.
CAclubindia
