Exemption availability on rent received

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..... I have given a property to a company on which I receive annual rent of Rs. 500000.00. Whether I have to charge service tax on that or a exemption of Rs. 8,00,000.00 is available to me. Please also adv .....

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..... ise if the property is let out to company with five other coowners. and each getting Rs. 5,00,000.00 Then what will be the position regarding service tax. Please advise. - Reply By Madhukar N Hiregan .....

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..... ge - The Reply = ST is on the service receiver and not on the property. Therefore the 8 lakhs exemption would be available to you as long as you do not provide any other taxable servcie. Co -owners wh .....

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..... o each receive less than 8 lakhs also would not be liable. - Exemption availability on rent received - Query Started By: - RAKESH GARG Dated:- 4-6-2007 Service Tax - Got 1 Reply - Service Tax - Disc .....

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..... ussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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