what rate Taxes on residential flat of rent to be paid

Querist : Anonymous (Querist) 06 April 2011 This query is : Resolved

I have given residentail flat on rent , what type of taxes will come in play, rent is Rs 45000/

TDS, Service Tax, Municiaplity Tax, society charges at what rate to be levied ?

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Sadashiv Rupchand Gaikwad (Expert) 17 September 2011
Complete for resendetial purpose there is no serve tax. If your are auditee case TDS is not applicable,Gross threshold limit for annual rent is 180000/- Municipal tax as per local rule and Society may hike maitaince some as per resolutions

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