Hello,
I m little confused in classifiying of the following transaction under taxable service.
suppose X makes an lease aggreement with an owner of a house and subsequently give it on rent for residental purpose .Then is the transaction is taxable if
a) he is an individual?
b) he is a pvt. ltd. company?
and under which taxable service.
in both the cases service tax will be only applicable if taxable service provided in the financial year Rs.1000000.
it is taxable
but service tax is not applicable if it is
I have a little more doubt...
Is the transaction can't be taxable under real estate agent's services
I have a little more doubt...
Is the transaction can't be taxable under real estate agent's services
for X the taking building on lease and subsequent rent the same in commercial transaction, original landlord is not subject to ST, but X is under the servicetax net.
real estate agent is the person who is engaged in the business of sale, purchase, leasing or renting of real estate. merely a single transaction will not make him a real estate agent therefor i thing it will not be chargable under real estate agent's service.
Thanks everyone for their reply....
i would like to ask something more that if in the given situation the company is doing the transaction as its business.....then is service tax chargeable...
| Originally posted by : U S Sharma | ||
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for X the taking building on lease and subsequent rent the same in commercial transaction, original landlord is not subject to ST, but X is under the servicetax net. |
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AGREED
furthermore, X is eligible for basic exemption of 10L alongwith other services provided , if any.
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