TaxTMI 
TaxTMI 
effective date for renting of vacat land
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....ffective date for renting of vacat land<br> Query (Issue) Started By: - sv bhasker Dated:- 10-9-2011 Last Reply Date:- 12-9-2011 Service Tax<br>Got 4 Replies<br>Service Tax<br>Retrospective legislation was brought in through Section 76 of the Finace Act 2010 in respect of renting of immovable property service from 1.6.2007. Through the same Section, explanation to immovable property was expanded b....
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....y inserting clause(v) by including vacant land for commercial purposes in near future. What is the effective date for renting of vacant land for commercila purpose. Is it 1.6.2007 or 1.7.2010? Pl reply with suitable basis Reply By NEERAJ KUMAR, RANCHI: The Reply: effective date for renting of vacant land where construction for commercial purpose is to be done is 01.07.2010 only. Reply By sv bha....
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....sker: The Reply: Thanks Mr Neeraj for the reply. Some authority may be cited as it is argued that vacant land is included while explaining immovable property in the pharse by renting of immovable property service which is effective from 1.6.2007. Reply By pradeep khatri: The Reply: Vacant land given on lease or licence for construction of building or temporary structure at a later stage to be u....
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....sed for furtherance of business or commerce, was inserted by Finance Act, 2010 (14 of 2010) and the effective date was 01-07-2010. Reply By NEERAJ KUMAR, RANCHI: The Reply: Yes, You may see item V to explanation 1 to Section 65 (105)(zzzz), which was added w.e.f. 01.07.2010. Also letter D.O.F No. D.O.F.No 334/1/2010-TRU dated 26.02.2010 may also be referred.<br> Discussion Forum - Knowledge Shar....
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