Tax on trust
This query is : Resolved
30 November 2012
in case of trust registered u/s 12aa the rental income from shops more than 10 lakhs what is the scene of service tax registration kindly convey me as early as possible with supporting noti. and circulars.
thanks
thanks
03 December 2012
The rental derived from shops do not seem to fall under the category of charitable activities. Hence the trust should be liable to service tax for the rental income received.
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