Exemptions
This query is : Open
08 September 2012
A religious Institution registered u/s 12AA of IT Act has rental income from commercial building situated outside the precincts of religious place. Is service tax applicable.
08 September 2012
Dear Mr. Antony,
1. all the services rendered by an entity registered under section 12AA of the Income tax Act, 1961 (43 of 1961) are exempted under notification 25/2012 only if service rendered by way of charitable activities
2. In case of rental charges to qualify for exemption it is necessary that the place is precincts of a religious place meant for general public
The service referred by you does not fall under any of the above and therefore taxable
For further clarification please mail the query at sureshjain.nj@gmail.com and pay if you please Rs. 100 to 500 donation to the "KADAM" institute engaged in education to children of construction labours.
http://www.facebook.com/groups/kadamfoundation/
http://www.kadamfoundation.org/
1. all the services rendered by an entity registered under section 12AA of the Income tax Act, 1961 (43 of 1961) are exempted under notification 25/2012 only if service rendered by way of charitable activities
2. In case of rental charges to qualify for exemption it is necessary that the place is precincts of a religious place meant for general public
The service referred by you does not fall under any of the above and therefore taxable
For further clarification please mail the query at sureshjain.nj@gmail.com and pay if you please Rs. 100 to 500 donation to the "KADAM" institute engaged in education to children of construction labours.
http://www.facebook.com/groups/kadamfoundation/
http://www.kadamfoundation.org/
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
- TDS DEMAND.
- TDS-Fixed assets
- Joint Account Closure
- 139(4) for ITR-5- audit
- RCM PAID ON RENT IN RESTAURANT BUSINESS @ GST RATE 5%
- Registartion of trust
- TDS can We Adjust 194C Amount to 194J
- Mentioned xyz as employer name instead of xyz LLC in ITR
- NATURE OF PENALTY AND INTEREST UNDER TAXATION
- Regarding Claim of ITC of FY 2020-21
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
