Property and water tax

This query is : Resolved 

16 November 2011
I have rented my property to commercial organisation and collecting service tax, whether i can deduct property tax and water tax from the payment of service tax, if i can deduct and gross amount of the rent or from the service tax amount

16 November 2011 No, You can't deduct property tax and water tax while paying service tax.

You can take advantage of this in your Income Tax liability



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