rent from commercial property

[santosh jha]

1>  in which year service tax applied on rent receipt from commercial property and service tax  that year to till datel

2> exemption amt on commercial rental income

AI Summary

Service Tax on Commercial Rent Effective June 1, 2007; Property Tax Deductions Applicable; Threshold for Small Providers. A discussion on a forum addressed the applicability of service tax on rent from commercial properties. Two replies clarified that service tax on renting immovable property became effective on June 1, 2007, with another stating July 1, 2012. It was noted that property taxes paid can reduce the total tax liability. There is no exemption on commercial rental income except for property tax deductions, but small service providers may benefit from a threshold limit.