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
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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
Old Query - New Comments are closed.
Renting of Immovable property is taxable with effect from 1st June, 2007. Property taxes paid can be reduced for computing total tax liability
Service tax on rent receipt from commercial property is applicable from July 1,2012.
There is no such exemption (other than property tax) on commercial rental income. However, Small Service Provider can avail the benefit of threshold limit.
Old Query - New Comments are closed.