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Renting on immovable property

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25 June 2013 When payment of service tax liabiity to government arises to landlord in case of rental amount received on renting of immovable property.


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25 June 2013 DEAR

RENTING OF RESIDENCE PROPERTY IS FULLY EXEMPTED FROM SERVICE TAX.

HOWEVER, RENTING OF PROPERTY OTHER THAN RESIDENCE PROPERTY IS LIABLE TO REGISTER UNDER SERVICE TAX IF RENT INCOME EXCEEDS LIMIT OF RS. 10,00,000/-



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