Service tax applicable to renting by charitable trust?

Others 708 views 1 replies

Hello,

 

A Charitable Trust is registered under u/s 12AA(1)(b)(ii) r.w.s. SECTION 12 A of the Income Tax ACt 1961. A Property owned by the Charitable Trust is given on rent to the OFFICE OF THE INCOME TAX(HEAD QUARTERS)
Rent amt : Rs. 1,27,700/- p.m.

 

The Trust is formed to fulfil the following objectives:
RELIEF OF POVERTY
EDUCATION RELIEF
MEDICAL RELIEF
for advancement of society

 

Does the trust have to collect Service Tax?

 

Replies (1)

Hi..

As per my opinion and understanding of your case, the trust needs to collect service tax on  rent receivable to them and deposit the same.

 

Other opinions are welcome! :)


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