Finance Head
41 Points
Posted on 09 January 2014
I am running an institution which is registered under section 12AA of income tax act and also it is registered under board of control for orphanages and other charitable homes.
The institution has a rental income of above 10 lakh per annum. so I would like to know whether service tax is applicable on the above rent as the institution is registered under 12AA of income tax act and under board of control of orphanages ?