Service tax on rent
Myself and my brother are owners of a building given on rent for Rs13 Lakh per month. As per the agreement 9 Lakh is to be paid to my brother and the remaining Rs4 Lakh is to be paid to me. On what value is service tax required to be calculated in the above case. Are we both liable to pay service tax and service tax calculated on Rs13Lakh or is it sufficient that service tax is paid only on the Rs9lakh received by my brother. Kindly advice.
Asked on 9/12/07, 9:06 am
1 Answer from Attorneys
Homi Maratha
N.N. Maratha & Co.-Advocates
Re: Service tax on rent
i have answered you before
thanx
Answered on 9/13/07, 1:28 am
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