Taxability of Incubatee

[Harsh Jindal]

Who is Incubatee? What is the taxability of Incubatee?

[YAGAY andSUN]

Please check it within the scope of Threshold Limit, Negative List and Mega Exemption Mega Exemption Notification

AI Summary

Incubatee service tax classification affects applicability of threshold, negative list and exemption notifications under service tax law. Tax treatment of an incubatee turns on whether its activities fall outside the Negative List, exceed the Threshold Limit, and are covered by applicable exemption notifications; if outside the negative list and above the threshold, service tax may apply unless an exemption notification (including mega exemption) provides relief.