25 May 2015
one of my client is receiving a rent from the educational institution for the building given on rent to run the hostel to the college and he received Rs 181500/-per month as rent from that hostel building. Whether he has to collect service tax on rental income of Rs.181500/-P.M from the educational institution and at what rate Please clarify whether such rental income is exempt under service tax for educational purpose the building is let out to educational institution?
CAclubindia
