| Discussions Forum | ||||
Home  Forum Service Tax This
|
||||
| A Public Forum. Anyone can participate to share knowledge. |
||||
|---|---|---|---|---|
| We acknowledge the contributions of Experts/ Authors. | ||||
Submit new Issue / Query |
||||
Service Tax Liability, Service Tax |
||||
|
||||
Service Tax Liability |
||||
I am going to pay ₹ 6,50,000/ to Municipal Authorities to convert my Residential property to Commercial property. Can I claim this as deduction for computing my Service Tax Liability. This amount is being paid as Conversion Charges & Parking Charges to Muncipal Authorities. Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
No. you cannot claim deduction on conversion and parking charges to arrive at Service Tax liability inasmuch as these are not taxes.
I am thankful to all of you who have replied & commented on my service tax liability for exemption on Conversion & Parking charges paid to MCD. This was a residential property & only after paying these charges to Muncipal Corporation as Conversion Charges & Parking Charges,I am using it for commercial use & hence commercial rent.These charges are not taxes collected by Civic Authorities? Moreover conversion charges will be deposited every year alongwith Property Tax. So even that will not be the deduction I can claim? Page: 1 Old Query - New Comments are closed. |
||||
.jpg)
