TaxTMI 
TaxTMI 
I have got my Service Tax Regn.for Rentals on Commercial Propery in August 16.Can I claim deduction for Property Tax()Hopuse Tax to Muncipal Body) in June16 while computing the tax payment for thios tax..Broker for arranging the Tenant has also given a Bill with Service Tax Charged,Is it modvateable.Regards.
Serrvice Tax.
05 Sep 2016 
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Property tax deductibility: deduction permitted when service tax is paid; broker service credit requires proven nexus.
Property tax paid may be deducted from the taxable value of renting immovable property only where service tax on the renting service is paid; Notification No. 29/2012-ST permits such deduction and it should be applied proportionately for relevant months. Input tax credit on broker commission is available only if a factual nexus is shown between the broker's service and the output renting service, establishing that the broker's service is necessary or related to provision of the taxable service. (AI Summary)
Property tax paid may be deducted from the taxable value of renting immovable property only where service tax on the renting service is paid; Notification No. 29/2012-ST permits such deduction and it should be applied proportionately for relevant months. Input tax credit on broker commission is available only if a factual nexus is shown between the broker's service and the output renting service, establishing that the broker's service is necessary or related to provision of the taxable service. (AI Summary)