TMI Blogrent from commercial propertyX X X X Extracts X X X X X X X X Extracts X X X X ..... rent from commercial property X X X X Extracts X X X X X X X X Extracts X X X X ..... ied on rent receipt from commercial property and service tax that year to till datel 2> exemption amt on commercial rental income Reply By JAMES PG: The Reply: Renting of Immovable property is taxa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ble with effect from 1st June, 2007. Property taxes paid can be reduced for computing total tax liability Reply By Harsh Jindal: The Reply: Service tax on rent receipt from commercial property is ap ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... plicable 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. X X X X Extracts X X X X X X X X Extracts X X X X ..... orum - Knowledge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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