Basic limit

This query is : Resolved 

04 December 2014 If in F.y.2010-11 I Recd rent Rs.15.00 lacs and pay ser tax and duly collected from tenant.

In F.Y.2011-12 Rent Rs. NIL
In F.y. 2012-13 Rent Rs 3.00 lacs
So in F.Y. 2012-13 can i claim basic limit of Rs 10.00 lacs

04 December 2014 No, now that you are a registered service tax person...Basic exemption limit has been claimed once, at the beginning.
You should have cancelled your REGISTRATION in FY 2011-12

04 December 2014 Sir

Not understand , if I cancel my registration whereas I have again recd rent in F,.Y. 2012-13 should I Tax collect from customers and pay it or
Basic limit will be available

04 December 2014 Sir

Not understand , if I cancel my registration whereas I have again recd rent in F,.Y. 2012-13 should I Tax collect from customers and pay it or
Basic limit will be available

12 December 2014 Basic LIMIT was available ONLY once. (in the FIRST time when you exceeded the limit)
Now basic limit is NOT available to you.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details