Municipal Tax

This query is : Resolved

Prakash (Querist)
Follow

20 November 2008 can we deduct Municipal Tax for calculation of service tax from rent received if Municipal Tax & Propriety tax same thing, depends upon the Jurisdiction, whether covered by corporation, municipality or local panchayat etc?

Ravikumar.G

Ravikumar.G (Expert)
Follow

20 November 2008 You can.Municipal tax proportionate to the period for which service tax is paid shall be calculated.

Ravikumar.G

Ravikumar.G (Expert)
Follow

20 November 2008 If any amount such as interest, penalty is paid to the local authority by the service tax provider on delayed payment or for any other reason such payments shall not be treated as property tax for the purpose of deduction from the gross amount charged.

Upgrade to CAclubindia Pro. Subscribe Now!