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service tax applicability on property taken by company for accomodation to its employees

Service Tax - Started By: - shiva kumar - Dated:- 21-12-2015 Last Replied Date:- 21-12-2015 - Fact: Mr A, director is giving residential property to Co. on rent of ₹ 24 Lacs p.a. The rent paid by Co. is considered as business expenses for which .....

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ase the property is residential in nature but since the property is given to a company so would it fall under the category renting of residential property for the furtherance of business & profession ?? - Reply By KASTURI SETHI - The Reply = If r .....

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ccommodation which has impact on business. thus it is for business purpose. Hence service tax applicable. and if provision is plainly read I.e. renting of immovable property for residential purpose is exempt from service tax. Both possibility is pres .....

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