TaxTMI 
TaxTMI 
Who is Incubatee? What is the taxability of Incubatee?
Taxability of Incubatee
24 Aug 2012 
1 Reply 
1743 Views Asked by
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. (AI Summary)
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. (AI Summary)