TaxTMI 
TaxTMI 
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
rent from commercial property
23 Jul 2012 
2 Replies 
1277 Views Asked by
Service tax on commercial rent applies to immovable property; property tax deductible and small-provider threshold may apply.
Service tax on renting of immovable property is treated as a taxable service; property taxes paid may be deducted in computing service tax liability. The discussion records conflicting statements on the effective commencement date of the levy. No exemption for commercial rental income is identified other than the property tax adjustment, and small service providers may be eligible for threshold-based relief. (AI Summary)
Service tax on renting of immovable property is treated as a taxable service; property taxes paid may be deducted in computing service tax liability. The discussion records conflicting statements on the effective commencement date of the levy. No exemption for commercial rental income is identified other than the property tax adjustment, and small service providers may be eligible for threshold-based relief. (AI Summary)