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Partnership or renting service

Service Tax - Started By: - S.C. WADHWA - Dated:- 29-6-2015 Last Replied Date:- 2-7-2015 - We have received rent from one of our building from the year 2007 to March 2015 on monthly basis as per agreement. 1) Fixed rent 2) variable rent of 5% of sale value also on monthly basis. Now from April 2015 we are getting amount 40% of gross sale value and no fixed rent will be received in future. Dear Experts, We have received rent from one of our building from the year 2007 to March 2015 as per agreeme .....

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HWA - Reply By CA Sumit Aggarwal - The Reply = Dear Mr. Wadhwa,From your aforementioned query, I am of the view that earlier you were getting the rent from the Tenant and thereafter the 40% of sale value is also shared by the same Tenant.In this regard, my views are as follow:1. In the absence of Partnership:In the absence of partnership deed, if you have provided the immovable property to someone for doing business or other activity and he is paying any amount, in any form, as may be decided th .....

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