Abatement in Service Tax for the amount paid as Municipality Tax

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..... I want to know the notification No. applicable for Abatement in Service Tax for the amount paid as Municipality Tax. Service is - Renting of Immovable Properties. - Reply By Pradeep Khatri - The Repl .....

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..... y = While calculating value, the property tax paid can be deducted and on the balance service tax payable. Proportionate deduction is allowed on property tax. For instance, if property tax of say Rs. .....

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..... 12,000/- is paid for June to December (i.e.for six months) then deduction of Rs. 1000 per month can be claimed while paying service tax. Text of Notification no. 24/2007 is relevant in this regard. .....

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..... Further, no deduction is permissible for interest/penalty paid in relation to such property tax. - Abatement in Service Tax for the amount paid as Municipality Tax - Query Started By: - Sumit Shar .....

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..... ma Dated:- 21-12-2011 Service Tax - Got 1 Reply - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagem .....

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..... ent - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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