Negative list
This query is : Resolved
31 December 2014
Hello Experts...
in negative list, rearing of horses are not exempt from service tax...
first of all I would like to ask that when a person rears horses then that person cannot provide service to himself.....ie, it is very much clear that the second person is providing service to person in question...isn't it...??
secondly if A says to B that I would rear your horses at A's land and for maintenance seperate amount is recieved by A from B.
now, rent recd by A for providing land is agriculutural income.?
and amount recd by A for Rearing is not exempt....?
31 December 2014
You are right second person is providing service. Amount received by A for rearing horse not exempt from service tax.
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