My company is given machinery on rent basis to other company . Then it is matter of vat or service tax ?

roger

• Dec 29th, 2014

Do I have to pay from rental income in commercial area I get 1Lacs above

i.ram harsha

• Oct 15th, 2011

you have to pay income tax. if the renting of machinery is ur business then it is chargeable under PGBP(sec.28) of Indian income tax,1961. And it is in nature of service ...and renting of movable g...

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