Go AD-Free with CAclubindia Pro and get Daily WhatsApp Updates. Subscribe Now!

banner_ad

Input from share trading against immovable tax output

This query is : Resolved

Share Report Follow Query Ask a Query

Antony Raj (Querist)
Follow

01 March 2014 Dear Experts,
Please clarify the following case:-
We are receiving rent on some immovable properties, for that we are charging Service Tax also. usually we collect the ST and the same will be paid to the GOVT.
We do some share trading also. for that we are paying the ST to the Broker.
Now my query is that, can we adjust the ST input received from the share broker with the output of ST on the rent.
Kindly clarify.
With advance thanks to all.
ANTONY RAJ- Bangalore

CA Hardik Bunha

CA Hardik Bunha (Expert)
Follow

01 March 2014 No this type of credit is not allowable.

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

CCI Pro

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

CCI Pro

Meet our CAclubindia PRO Members

Pro Member Angadi & Co

Angadi & Co

Pro Member KAVITA CHAUHAN

KAVITA CHAUHAN

Pro Member Deepak Nayak

Deepak Nayak

Pro Member RAVINDRA KUMAR

RAVINDRA KUMAR

Pro Member Dalbir Singh Wadhera

Dalbir Singh Wadhera

Follow us

add to google news

Answer Query

Quick Links

Browse by Category

Latest Job Openings

View all

Featured 02 May 2026

Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details

Featured 29 April 2026

Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details

Featured 14 April 2026

GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details

Featured 13 April 2026

GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details

Featured 28 March 2026

Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details

Featured 28 March 2026

CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details

Featured ARTICLESHIP 19 March 2026

Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details

Featured 14 March 2026

Associate CA

N N V Satish&co

Hyderabad

CA

View Details