<h1>Finance Bill 2010 Amendments: Retroactive Tax on Renting Business Properties from June 1, 2007, to Protect Govt Revenue.</h1> The Finance Bill, 2010, introduced amendments to the service tax on renting immovable property, making it retroactively effective from June 1, 2007. This change clarifies that renting property for business or commerce is a taxable service, addressing a Delhi High Court ruling that previously struck down the levy due to lack of value addition. The amendment aims to protect government revenue and resolve uncertainties faced by landlords who received demand notices after commercial tenants ceased reimbursing tax. The amendment ensures actions taken during the interim period are valid and prevents legal challenges against the tax collection.