Service tax - minors / allowances
This query is : Open
19 May 2012
How are minors treated if they are part owners in a building for Service tax on Rental income? Do they get treated as seperate individuals with the 10 Lakhs exemption?
2. What are the exemptions allowed on Svc Tax on rentals - is the exemption on the first 10 Lakhs only for the first year or will it be given every year?
Pls clarify. Thanks
2. What are the exemptions allowed on Svc Tax on rentals - is the exemption on the first 10 Lakhs only for the first year or will it be given every year?
Pls clarify. Thanks
19 May 2012
No, minor is not treated as separate individual for 10 lakh exemption also 10 lakh exemption depend on your last year revenue.........
21 May 2012
What can I do to obtain the 10 Lakh exemption for four Minor owners int he building? Pls help clarify.
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