Ezra Brown Lower Hutt, Canterbury NZ October 19, 2017

How will GST and TDS impact rental income eBook

There are provisions for tax deduction on income tax, for rented property as well. Hello, my rental income from commercial property for current financial year exceeds 9 lakhs, in my HUF file, do i need to register with service tax, if. Read more about Applicability of service tax on financial leasing on Business Standard. How is tax computed on rental income? - Tax is applicable where there is income and essentially there can be only two kinds of incomes related to property. Service tax is applicable to all services. No TDS on service tax on payments made/ due to. This is sell purchase transaction and no service tax is applicable. GST, TDS on rent paid will be different from service tax imposed earlier.

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If the total rent received by the owner from one or more tenants. PAY SERVICE TAX ON HALL RENT AND TAKE EXEMPTION FOR FOOD BILL AS PER. This section is applicable when rent is received for land, building, plant and machinery, equipments. For the purpose of service tax. In a recent decision, in the case of Association of Leasing and. If a property or service is exempt from tax.

Further, as Far as GST is concerned. Dear Sir, Service tax is applicable on you if your rental income during an year exceeds INR 10 lacs which I am sure the case is. Dear Pradeep, Levy of VAT or Service tax on supply of machinery on hire/ rent would depend on the nature of the Tranfer of such machinery. Are you liable to pay service tax? Service tax on maintenance for apartment Dear sir Our builder is maintaining our apartment with regards to common areas of residential complex for first 5 years. Deloitte Haskins Sells LLP Senior Director M S Mani said: "While service tax is applicable at present on sale of under construction apartments, it is levied on a.

CASH PAYMENT LIMIT REDUCED TO Rs 10000/- FROM Rs 20000/- EARLIER. A $1.50 per unit per day fee on hotel occupancy in New York City applies in addition to the sales tax on the rent. Service Tax is leviable on the service provide by a. The Negative List: Service Tax Exemptions in a Nutshell. Best Answer: One of the most inequitable provisions in this year's Budget is the levy of service tax on rent payable for lease of commercial. In the case of rent/hire of movable items where control and possession is transferred to the lessee, then it may be subject to service tax under the head 'Financial. The caterer must pay tax on any rental or purchase of:. Caterers and Catering Services Tax Bulletin ST-110. TDS on Rent is liable to be.