service tax on Rent
Querist : Anonymous
There is law of economics, the reward of every factor of production of goods and services.
The Main Factors of Production and Its reward :-
Capital-Interest
Employer-Profit
Labour-Wages
Land-Rent ( Lagan)
The land is the one out of the factors of production, rent is related to this factor of production.
The service tax rate is @ 10.3%
Thanx
Querist : Anonymous
As per your answer of my question; if it is so then service tax should be levied on interest also, can u suggest some logical answer in this regard.
Thanks
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