If, A is a proprietor and he has a business income of Rs. 5 lacs, salary income of Rs. 3 lacs and have a rental income of Rs. 7 lacs. Is he liable to pay service tax ?
Menu
Service tax on rental income from commercial property
Replies (3)
Sir,
A small request. Why cant we form a forum for Service tax in whatsapp and so discuss our issues and amendments via mobile. Please do consider this.
Hello Durga
The assessee is not liable to pay service tax. Note the following:
Business income: If the business is of dealing in goods then ST not applicable.
Salary: Excluded from the definition of Service.
Rental Income: Exemption can be availed.
Thanks.
rental income is exempt provided its for residential use. if it is used for commercial purpose then service tax is liable on it. if your business income is on account of providing of any service then it crosses the limit of 10 lakh accordingly you have to register and pay service tax on above
Recent Threads
- Accounting of Govt Grant in aid-Assam Tea Estate
- Utilizing Capital gains in new home construction
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
- ITRs for AY 2025-26 filed in September 2025 not pr
- Heard & Seen Around – Your Daily Economi
- Best NISM course for an Accountant
- Calculate IT on LTCG AND STCG for the FY 2025-26
- Heard and Seen Around - Your Daily Economic Quick
- Returning to India - Residency confusion
Related Threads
CAclubindia
