Threshhold limit of Rs.8,00,000/- applicability on renting of immovable property.

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....hreshhold limit of Rs.8,00,000/- applicability on renting of immovable property.<br> Query (Issue) Started By: - MANOJ GUPTA Dated:- 8-3-2007 Last Reply Date:- 11-3-2007 Service Tax<br>Got 2 Replies<b....

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....r>Service Tax<br>Whether threshhold limit of Rs.8,00,000/- is applicable to renting of immovable property. Reply By CA Anurag Bansal: The Reply: Renting of Immovable Property is proposed to be taxed....

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..... Notification No. 06/2005 exempts taxable services of aggregate value not exceeding four lakh rupees in any financial year. Now the limit of four lakh is substituted to Eight lakh vide Notification 0....

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....4/2007 dated 1st March, 2007. This threshold limit is for all services covered under service tax act for a financial year. Renting of Immovable properties for commercial purpose shall also be governed....

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.... by above notification. Reply By Madhukar N Hiregange: The Reply: yes certainly. the value would be calcuated from the date of notficiation. If notified in May then april rent would also not be a sub....

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