https://www.taxtmi.com/notifications?id=24945 Exemption reduces the taxable value of renting immovable property by permitting deduction of property tax levied and collected by local bodies from gross rent, excluding amounts paid as interest or penalty, and requiring pro rata apportionment of property tax where tax and service periods differ for the purpose of computing service tax. en-us Wed, 20 Jun 2012 00:00:00 +0530 Thu, 21 Jun 2012 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=24945 Exemption reduces the taxable value of renting immovable property by permitting deduction of property tax levied and collected by local bodies from gross rent, excluding amounts paid as interest or penalty, and requiring pro rata apportionment of property tax where tax and service periods differ for the purpose of computing service tax. Notifications Service Tax Wed, 20 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/notifications?id=24945