Hello,
Mr. X is a person who takes flats on leave and liscense from people. Now, Mr. X leves and lisences the flat to Mr. Z and other people. Mr. Z does these transactions with many flats . His services exceed Rs. 10 Lakhs. Approx. Rs. 15 Lakhs. Is it a taxable service.(this is not finance leasing). If yes, under which category, and what rate of service tax?
Is it subleting ?
"Renting of immovable property" is taxable only if it is rented for commercial use. If so, than it might fall under the said category.
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