ST on lease rentals of college
This query is : Resolved
09 May 2011
Company is in infrastructue business. In a agreement with an educational society running college, land is given by society and building is made by Company on it and then this building is Leased out to society for its college.
Query : Will ST be charged on rentals received by Co. or it will fall under exemption category being building is leased out for educational purpose.
Further t depreciation when booked into books of COMPANY will it create problem ?
Query : Will ST be charged on rentals received by Co. or it will fall under exemption category being building is leased out for educational purpose.
Further t depreciation when booked into books of COMPANY will it create problem ?
10 May 2011
Renting of IP to colleges being educational institution is excluded in the defintion itslef and therefore not liable.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Rent lease agreement
- Relief u/s Section 89
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Agriculture income or business income
- Supply through E-commerce Operators
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
