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Input credi

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 February 2012 we received income from renting of immovable property which is under service tax net.we just want to know that on which services we can able to take input credit.we take legal and professional services from one organisation and we paid a service tax to them so whether we can take input credit of that or not.
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
03 February 2012 Yes, you can take input credit of that if legal & professional services are linked to immovable property renting or you can corelate that income with corresponding expenses on which you want to take input credit,
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