15.RENTING of IMMOVABLE PROPERTY
*IMMOVABLE PROPERTY includes (a)Building/part of building & land appurtenant thereto (b)LAND incidental to use of such building (c)Common/shared area/facilities (d)VACANT LAND given ON LEASE or LICENSE for CONSTRUCTION of bldng or temporary structure at a later stage to b used for furtherance of business/commerce (w.r.e.f.1.6.2007)
*IMMOVABLE PROPERTY does not include (a)Vacant land solely used for agriculture,forestry etc (b)Land used for educational,sports,circus,entertainment & parking purpose (c)Building used solely for residential purposes & accommodation purposes including hotels,hostels etc
*Taxable service = Renting of IM Property or ANY OTHER SERVICE IN RELATION TO SUCH RENTING, for use in course of or for furtherance of business/commerce (as factories, office bldng, warehouses, theatres, exhibition halls & multiple use bldng)
*RENTING includes letting,leasing,licensing, or similar arrangement but not include renting (i)by/to a RELIGIOUS BODY (ii)to an educational body
*IMMOVABLE PROPERTY includes (a)Building/part of building & land appurtenant thereto (b)LAND incidental to use of such building (c)Common/shared area/facilities (d)VACANT LAND given ON LEASE or LICENSE for CONSTRUCTION of bldng or temporary structure at a later stage to b used for furtherance of business/commerce (w.r.e.f.1.6.2007)
*IMMOVABLE PROPERTY does not include (a)Vacant land solely used for agriculture,forestry etc (b)Land used for educational,sports,circus,entertainment & parking purpose (c)Building used solely for residential purposes & accommodation purposes including hotels,hostels etc
*Taxable service = Renting of IM Property or ANY OTHER SERVICE IN RELATION TO SUCH RENTING, for use in course of or for furtherance of business/commerce (as factories, office bldng, warehouses, theatres, exhibition halls & multiple use bldng)
*RENTING includes letting,leasing,licensing, or similar arrangement but not include renting (i)by/to a RELIGIOUS BODY (ii)to an educational body
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