TaxTMI 
TaxTMI 
Renting of immovable property
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....enting of immovable property<br> Query (Issue) Started By: - asap audit Dated:- 1-2-2011 Last Reply Date:- 2-2-2011 Service Tax<br>Got 1 Reply<br>Service Tax<br>As per a renting agreement entered into....
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.... in 2006, a token amount is fixed as monthly rent for the next 25 yrs while a security for a huge amount has been taken. No service tax was prososed as the same was not applicable at that time. The q....
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....uery is what would be the gross value for service tax. Whether the Service Tax determination Rules would be attracted, keeping in view that no other consideration is being received in kind or otherwis....
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....e. Reply By Brijesh Verma: The Reply: Dear ASAP AUDIT Your query doesnt specify the nature of the deposit.... if the same can be proved as a refundable deposit then I am sure Valuation Rules dont ....
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....apply.... In the other case my answer would vary!!!<br> Discussion Forum - Knowledge Sharing ....