service tax on Rent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 June 2011
what is the logic to levie service tax on rent please eleborate and what is the current service tax rate.
24 June 2011
Hello Friends
There is law of economics, the reward of every factor of production of goods and services.
The Main Factors of Production and Its reward :-
Capital-Interest
Employer-Profit
Labour-Wages
Land-Rent ( Lagan)
The land is the one out of the factors of production, rent is related to this factor of production.
The service tax rate is @ 10.3%
Thanx
There is law of economics, the reward of every factor of production of goods and services.
The Main Factors of Production and Its reward :-
Capital-Interest
Employer-Profit
Labour-Wages
Land-Rent ( Lagan)
The land is the one out of the factors of production, rent is related to this factor of production.
The service tax rate is @ 10.3%
Thanx
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 June 2011
Hellow sir,
As per your answer of my question; if it is so then service tax should be levied on interest also, can u suggest some logical answer in this regard.
Thanks
As per your answer of my question; if it is so then service tax should be levied on interest also, can u suggest some logical answer in this regard.
Thanks
06 July 2023
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