Hi,
I am renting out commercial property in Bangalore. Rental income exceeds 10L per annum. I understand from this forum, I need to pay Service Tax for the same. What are the various components of tax I have to pay.
1. Please let me know service tax amount (%), cess etc., others that I need to charge the tenant (tenant agreed to pay all the taxes as required by the law)
2. Any sample rent invoice template (along with all the required services tax related forumlas) will be of great help as I am new to this field. I need to raise the invoice to tenant.
Regards,
Murali
CAclubindia
