Service tax on rent of building given to educational inst.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 March 2016
An Individual is the owner of a building which he will give on rental to an educational Institute (School). Rent for the financial year 2016-2017 would cross Rs. 10,00,000/- pa. What is the applicability of Service tax on Rent of above transaction ? Chargeable or exempt? Under which notification? Please guide.
CA R SEETHARAMAN
(Expert)
16 March 2016
As per budget 2014 amendment service tax payable on building rented to school.
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