Exemption for residential renting: proprietors' personal-capacity lettings covered as exempt; a related entry is omitted. The amendment inserts an explanation to S. No. 12 clarifying that the exemption for renting of residential dwelling applies where a registered person who is a proprietor rents the dwelling in his personal capacity for use as his own residence and the renting is on his own account and not that of the proprietorship concern; additionally S. No. 23A and its entries are omitted, and the changes take effect from the first day of January, 2023.
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Provisions expressly mentioned in the judgment/order text.
Exemption for residential renting: proprietors' personal-capacity lettings covered as exempt; a related entry is omitted.
The amendment inserts an explanation to S. No. 12 clarifying that the exemption for renting of residential dwelling applies where a registered person who is a proprietor rents the dwelling in his personal capacity for use as his own residence and the renting is on his own account and not that of the proprietorship concern; additionally S. No. 23A and its entries are omitted, and the changes take effect from the first day of January, 2023.
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