Exemption limit - Meaning of turnover, Service Tax

[Viral Damania]

To determine exemption of Rs8lacs, especiall in case of cooperative housing societies, what component of turnover should be considered? Whether Property Tax, Water Tax to BMC, Interest on arrears, income from ousiders(rent on hoardings, advertisement etc)should also be included? Whether all collections Sinking fund, repair fund etc should be included or only maintenance charges should be included.--Thank you so much.

Posts / Replies

[Surender Gupta]

It appears from the query that all charges would be includible except property tex for the purpose of calculation of Rs. 8 Lakhs