Exemption availability on rent received

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....xemption availability on rent received<br> Query (Issue) Started By: - RAKESH GARG Dated:- 4-6-2007 Last Reply Date:- 5-6-2007 Service Tax<br>Got 1 Reply<br>Service Tax<br>I have given a property to a....

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.... company on which I receive annual rent of Rs. 500000.00. Whether I have to charge service tax on that or a exemption of Rs. 8,00,000.00 is available to me. Please also advise if the property is let o....

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....ut to company with five other coowners. and each getting Rs. 5,00,000.00 Then what will be the position regarding service tax. Please advise. Reply By Madhukar N Hiregange: The Reply: ST is on the se....

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....rvice receiver and not on the property. Therefore the 8 lakhs exemption would be available to you as long as you do not provide any other taxable servcie. Co -owners who each receive less than 8 lakhs....

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.... also would not be liable.<br> Discussion Forum - Knowledge Sharing ....