hello ,
i have a query and quite a urgent one actually ..any help would be greatly appreciated.
i had one warehouse which i had rented out to a corporte which fetched me a rental of Rs.6 lakhs per annum.
since my rental income didnt cross Rs.10 lakhs i didnt charge any service tax from my client.
now i have built another warehouse which i have rented out to another corporate ( not the earlier one)
which would fetch me Rs.8 lakhs per annum as rent from next month.
i have a doubt.. since both my rental s incomes whn added up exceed 10 lakhs should i charge service tax on both my clients or do i still be exemt from service tax since my each rental has not crossed 10 lakh limit.
can any body guide me through this..would be a great help.
thanks
sundeep
CAclubindia
