Exemption limit for more than one service
This query is : Resolved
03 April 2014
Dear Experts one my friend is receiving Partly commercial and partly residential @ Rs.175000/- and he was received Rs.40 Lakhs through Bank RTGS for providing Design, Building Plans. His query is whether he gets Rs.10 Lakhs exemption for each service or only Rs.10 Lakhs from both the services. Please give your opinion in this regard. Thanks in Advance.
03 April 2014
Rs. 10 lakhs exemption applies to the aggregate value of all service and not individually.
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