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
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
Amol S Joglekar
(Expert)
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
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
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
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
Amol S Joglekar
(Expert)
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.
Now basic limit is NOT available to you.
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