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
Service Tax Applicability on Residential Property Rented to Students and Working Women: Annual Income Threshold Explained A forum discusses the applicability of service tax for a privately-owned residential property rented to girl students and working women. The rent includes various utilities but is not itemized, and the total rent per tenant is 8,000 monthly with six tenants. It is clarified that service tax is applicable only if the total annual income exceeds 10 lakhs. Additionally, the 10 lakh threshold applies individually to each property owner, not collectively to the entire property. (AI Summary)