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Service tax is not payable on the Security Deposit amount and is payable only on the rent. I guess its 12.36%.
Ideally Service Tax is required to borne by the Landlord / Owner but is usually passed on to the tenant / retailer. Infact this is another hidden side to commercial retail leasing. Normally when the rent figures are quoted to a brand, the service tax clause is not disclosed and sometimes come as an absolute shocker to the prospective tenant.CommentQuote0Flag
- Its a pity that a reputed firm like Price Water House has to resort this sort of advt./spamming to market itself.CommentQuote0Flag