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Service Tax - Highlights / Catch Notes

Home Highlights April 2023 Year 2023 This

Levy of service tax - renting of property jointly owned by five ...


Service Tax Levied on Jointly Owned Property Rental Income; Exempt if Below Threshold Limit.

April 8, 2023

Case Laws     Service Tax     AT

Levy of service tax - renting of property jointly owned by five persons - receipt of rental income by every individual is only subject to liability of service tax. If the value is below thresh-hold exemption limit in case of any individual, the same will not be taxable being the value is below threshold limit - AT

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