Exemption limit on renting of immovable property

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CA Santosh Havanur (Querist)
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09 April 2012 Please suggest me as wether Exemption limit of Rs.10 Lakhs is applicable to Renting of Immovable Property Service.
Thanks in Advance.

CA CS Amit S. Kedia (Expert)
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09 April 2012 yes,
it is the basic exemption limit and available for all type of service provider.

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