Service tax applicability - Property leased
Guest
whether any property leased to company by an Individual attarcts Service tax?
Service Tax Applies to Individuals Leasing Commercial Property to Companies, No Exemptions Based on Personal Status. A query was raised regarding the applicability of service tax on property leased by an individual to a company. The response clarified that individuals are not exempt from service tax. Anyone engaged in the service of leasing commercial property is liable to pay service tax, regardless of their personal status. (AI Summary)