Service tax on rent received from educational institution

900 views
User Avatar

business
52 Points Posted on 06 January 2016
planning to give out land on rent to educational institution. would like to know whether i have to collect service tax above 10 lakhs or renting to education institute is exempted from service tax. kindly advice regards rajiv
0 Reply Share Follow
On 06 January 2016 at 13:25 Report
Replies (2)
User Avatar

Associate
37 Points Posted on 06 January 2016
  1. Renting of immovable property is declared service under Section 66E of the Finance Act.
  2. Hence, service tax shall be payable on the service of renting of immovable property provided to educational institution. 

    

 

Reply
On 06 January 2016 at 15:03
User Avatar

Chartered Accountant
1693 Points Posted on 08 January 2016

Yes, it is taxable service provided total value of services provided by the service provider exceeds the threshold limit of Rs. 10 Lakhs p.a.

 

Reply
On 08 January 2016 at 15:04

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Hi experts need help
  2. How to object stamp duty value if property is sold
  3. Residential House property and it's loan can shown
  4. Income Tax Department Website Error While Importin
  5. Loan & Joining bonus to new employees Chief Ma
  6. Income Tax NUDGE Notice – Gift of Shares fro
  7. Is DIR-3KYC Needed
  8. Looking for a study buddy intermediately Jan 2027
  9. How to correct a NIL GST return filed by mistake w
  10. Is it legally permissible not to report F&O lo

More recent discussions | Post

Related Topics :

Loading