income tax vs service tax

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prasanna

prasanna (Querist)

29 March 2011 can i claim property tax in both service tax & income tax

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

29 March 2011 In service tax yes

In income tax yes

prasanna

prasanna (Querist)

29 March 2011 Property tax can claim in service as per the notification no.24/2007

prasanna

prasanna (Querist)

29 March 2011 Property tax can reduce from the Gross Service Income and it can reduce from income from house property .
my doubt is property tax can claim in only one or both

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

29 March 2011 both you can claim,, since both are different tax

prasanna

prasanna (Querist)

29 March 2011 Sir any Notification or circulars is it available related to that

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

29 March 2011 No notification or cicular required, since both are different tax, so one tax cannot interept other, also claim in tax cannot deny claim in other tax

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