Renting of immovable property
This query is : Resolved
29 June 2013
Whether Indiviual is receveing rent of rs. 12lakhs is liable to pay service tax.
whether any exemption while calculating the taxable services.
whether any exemption while calculating the taxable services.
29 June 2013
No Exemption, Tax @ 12.36%
However, residential property is not liable to Tax.
However, residential property is not liable to Tax.
30 June 2013
Threshold exemption of Rs.10 lakhs can be availed as per notification 33/2012 dated 20-6-2012.
01 July 2013
But the Threshold Limit is only available for One Time, and not for any subsequent years
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