Renting of immovable property
This query is : Resolved
01 June 2013
Dear Expert
Renting of immovable property is covered under service tax as deemed service.
Actually on what basis service tax is charged on renting of immovable property because there is no any service for providing though it is deemed service.
Dear Expert
Renting of immovable property is covered under service tax as deemed service.
Actually on what basis service tax is charged on renting of immovable property because there is no any service for providing though it is deemed service.
01 June 2013
Service tax is levied on the basis of the definition of 'renting' given in section 65B(41) read along with clause (a) of section 66E which declares renting of immovable property as a 'service'.
01 June 2013
Thank you sir
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