TMI BlogRent for commerciasl propertyX X X X Extracts X X X X X X X X Extracts X X X X ..... I have paid an amount to Muncipal Authorities for conversion of land use. Can I claim deduction for this amt while computing my servicetax liability. - Reply By KASTURI SETHI - The Reply = Sh.Chaudhary Ji, No such deduction is admissible as these are charges not taxes, cess, duty etc. - Reply By Ganeshan Kalyani - The Reply = What is conversion of land use? - Repl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y By Manjit Choudhary - The Reply = Mr.Kalyani, These are the taxes collected by Muncipal Corporation to allow you to use your residential property to commercial use these charges are paid annually. - Reply By KASTURI SETHI - The Reply = Sir, These are called 'conversion charges' (as you also mentioned in your query) and hence cannot be termed as 'tax'. You can cal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l this fee but not tax. This is my view. I am also waiting for views of Sh.Ganeshan Kalyani, Sir. - Reply By Ganeshan Kalyani - The Reply = Sir, property tax paid is only allowed as deduction from the gross amount in case of rent received from renting of immovable property service. Thanks. - Reply By KASTURI SETHI - The Reply = Yes Sir. I agree with you. But here the query is restricted to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 'conversion charges' only. - Reply By Ganeshan Kalyani - The Reply = Sir conversion charges is not deductible from gross amount for the purpose of calculating service tax liability. Thanks. - Reply By KASTURI SETHI - The Reply = Sh.Ganeshan Kalyani Ji, Yes, Sir. I have already mentioned in my reply dated 16.5.2016. - Reply By ashok singhee - The Reply = Land use ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... conversion charges are normally one time affair and it is kind of Capital Expenditure. - Reply By Manjit Choudhary - The Reply = Sir Kalyani ji Singhee ji, these charges are to be paid annually to Muncipal Corporation only. - Reply By Manjit Choudhary - The Reply = If paid annually,how I can take it as one time charges to Capital Exp[enditure? - Reply By ashok singhee - The Reply = Sh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ri Manjit ji, My reply is based on the applicable laws in Rajasthan.As per prevalent law, for the change of land use, charges are collected once only by the JMC or JDA in their respective jurisdiction and is quite substantial sum. - Rent for commerciasl property - Query Started By: - Manjit Choudhary Dated:- 16-5-2016 Service Tax - Got 12 Replies - Service Tax - Discussion Forum - Knowledge ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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