999-Year Lease Classified as Sale for Service Tax Purposes Under Finance Act, 1994: Key Implications Explored. https://www.taxtmi.com/highlights?id=50738 Nature of activity - service or sale - "lease of 999 years" is equivalent to "sale" or not - renting of immovable property service or not - the lump sum payment becomes liable to tax under Finance Act, 1994 in addition to the periodic payments. en-us Tue, 17 Dec 2019 11:23:46 +0530 Tue, 17 Dec 2019 11:24:55 +0530 TaxTMI RSS Generator 999-Year Lease Classified as Sale for Service Tax Purposes Under Finance Act, 1994: Key Implications Explored. https://www.taxtmi.com/highlights?id=50738 Nature of activity - service or sale - "lease of 999 years" is equivalent to "sale" or not - renting of immovable property service or not - the lump sum payment becomes liable to tax under Finance Act, 1994 in addition to the periodic payments. Highlights Service Tax Tue, 17 Dec 2019 11:23:46 +0530 https://www.taxtmi.com/highlights?id=50738