Please Help !
Dear All ,
As per new Notification No. 25/2012 of Service Tax renting on immovable property are exempt ?
Regards,
Mubeen
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Renting of immovable property
Replies (2)
No dear...renting of immovable property towards / by educational institute is exempted. Not all renting is exempted.
Renting of immovable property for residential purpose is exempted. This renting service is now treated as deemed service and all rental income from commercial purpose is taxable.
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