An assessee deals in business of selling plot launching schenme containing Terms & conditions of scheme are as follows
1. Scheme tenure is of 41 months
2. The person who wants to purchase the plot has to becomes the member of the scheme by depositing Rs.1000/- per month up to 41 months
3. Ownership & Possession of the plot will be transferred to him after completion of tenure of 41 months
4 I want to know that, what would be the treatment of the amount received in advance per month as per I.T. Act 1961?
1. Whether it has to be treated as income or advance?

Dear Sir,
We are an educational institution, conducting various technical courses. We intend to give training to professionals in technical field. The fees which we will be charging, should we add service tax to it?
If we conduct tests on machines and give them certificates and charge them as testing fees, should we add service tax for this too?
Is service tax exempted for educational institutes and engineering colleges?
Thanx

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