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Is Servicetax on rent applicable for fy2011-12?

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(Querist)
11 July 2011 Kindly let me know that, is Service tax aplicable on rent of Land or building etc.for FY 2011-12
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CA Unnikrishnan Nair N

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CA Unnikrishnan Nair N (Expert)
12 July 2011 Renting of immovable property is liable to service tax.Basic exemption of Rs.10L is available.

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