Rebate of property tax while paying service tax?
This query is : Resolved
CA Vinay Dixit
(Querist)
08 December 2012
Can anyone tell me while paying service tax on rent,how much % or Amount of rebate of property tax we get?is it sum lumpsum figure or 20%?can we take actual credit of property
tax?
tax?
08 December 2012
Hi
It is actual property tax amount paid is allowed as deduction.
Thanks//Vaibhav
It is actual property tax amount paid is allowed as deduction.
Thanks//Vaibhav
09 December 2012
As per notification 29/2012 dated 29th June 2012, property tax levied and collected by local bodies can be deducted from the rent.
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