rent from commercial property, Service Tax

[santosh jha]

1>  in which year service tax applied on rent receipt from commercial property and service tax  that year to till datel

2> exemption amt on commercial rental income

Posts / Replies

[JAMES PG]

Renting of Immovable property is taxable with effect from 1st June, 2007. Property taxes paid can be reduced for computing total tax liability

[Harsh Jindal]

Service tax on rent receipt from commercial property is applicable from July 1,2012.

There is no such exemption (other than property tax) on commercial rental income. However, Small Service Provider can avail the benefit of threshold limit.