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Rental income

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(Querist)
04 April 2015 is there service tax liability on rental income for commercial property for 12500 per month
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
04 April 2015 Since annual value of Rental value not less than Rs.10 Lakhs you can take the basic exemption under service tax
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CA Kanj Goel

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CA Kanj Goel (Expert)
04 April 2015 I agree with ramesh.
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