Threshold limit

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Muthu Kumaran (Querist)
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19 December 2011 Sir,

My Taxable service for the F.Y 2009-10 is 12.50lakhs. In the f.y. 2010 -11 is 5.50 lakhs. Current year ( F.Y 11 -12) my Taxable service are exceeding 10 lakhs. Can I avail the basic exemption of 10 lakhs ? in the F.Y 2011 -12

CA VISHAL RANA,CS,B.Com,AMFI

CA VISHAL RANA,CS,B.Com,AMFI (Expert)
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19 December 2011 1.Yes you are small service provider for FY2011-12.

2. Definately you can avail benefit of exemption of Rs. 10Lac.

3. status as follow

FY 2009-10=SSP(Limit available upto 10lac)
FY 2010-11=not SSP(Not get exemption limit)
FY 2011-12-again SSP(Get exemption limit )

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