Our is a Charitable Trust. Got Income Tax Registration u/s. 12A. Income exempt u/s 11. Trust has let out its own buildings for rent to tenants who are running the premises for their Commercial use such as office etc. The Trust received rents every month. Please let us the know shall the Trust pay SERVICE TAX on its rent? The Trust rental income per annum is around 13 lakhs. Please give us your guidance and oblige.
Thanking you, Yours faithfully, C. Durairaj, Pallathur-630107
CAclubindia
