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Service Tax Levied on Jointly Owned Property Rental Income; Exempt if Below Threshold Limit.

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Full Text of the Document

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....Levy of service tax - renting of property jointly owned by five persons - receipt of rental income by every individual is only subject to liability of service tax. If the value is below thresh-hold exemption limit in case of any individual, the same will not be taxable being the value is below threshold limit - AT....

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