If a property is jointly owened by Co-owners but the rent received thereon is shown individually in the income tax files of each of the coowners then whether the service tax will be applicable to the whole of the rent of the property or on the share of each co-owner. e.g. if the total rent on a coowned property is Rs.10 Lakhs and the same is divided among 4 co-owners equally , then what will be the serervice tax implication on the above and who will be liable to pay service tax?
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