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Service Tax for private accommodation to women / girl students, Service Tax |
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Service Tax for private accommodation to women / girl students |
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Hi Please advise the taxes applicable in case a privately-owned residential property with more than one registered owner is used to provide furnished accommodation to multiple girl students and working women for a period of more than 6 months a year, and when the charges include rent, food, electricity etc but not distinguished / separately indicated in the rent slip. The rent per tenant per month is ₹ 8000 and there are 6 tenants. Your advice would be much appreciated Regards Posts / Replies Showing Replies 1 to 5 of 5 Records Page: 1
Service tax is not applicable if the consideration is less than Rs.10 Lacs.
What tax do you mean? Whether income tax or service tax or taxes applicable to your case? Income tax is applicable. Service tax is applicable if the transaction exceeds ₹ 10 lakhs in a year as mentioned by Shri Ganeshan
Thank you for your replies. Yes I wanted to know about Service Tax. A follow-on query - Does 10 L per year limit apply for each owner individually, or for the whole property in total (all owners) ?
The threshold limit of ₹ 10 lakhs is applicable to each person.
Yes the limit is applicable to each individual and not property as a whole. Page: 1 Old Query - New Comments are closed. |
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