University's Tax Status: Educational Services Exempt, Non-Educational Income Taxable Unless Notified. Affiliation Fees Not Taxable.

University's Tax Status: Educational Services Exempt, Non-Educational Income Taxable Unless Notified. Affiliation Fees Not Taxable. https://www.taxtmi.com/highlights?id=80107 Writ petition maintainable. Respondent-University qualifies as 'educational institution'. Income from specified educational services not taxable due to Negative List. Income from non-educational activities like building rent taxable unless exempt under notifications. Affiliation fees, penalties, fines not 'activity for consideration', hence not taxable. Exemption notifications applicable, not contrary to parent statute. Difference between Negative List and exemption notifications explained. University provides auxiliary educational services, eligible for exemption under relevant notifications. en-us Mon, 05 Aug 2024 07:04:46 +0530 Mon, 05 Aug 2024 07:04:46 +0530 TaxTMI RSS Generator University's Tax Status: Educational Services Exempt, Non-Educational Income Taxable Unless Notified. Affiliation Fees Not Taxable. https://www.taxtmi.com/highlights?id=80107 Writ petition maintainable. Respondent-University qualifies as 'educational institution'. Income from specified educational services not taxable due to Negative List. Income from non-educational activities like building rent taxable unless exempt under notifications. Affiliation fees, penalties, fines not 'activity for consideration', hence not taxable. Exemption notifications applicable, not contrary to parent statute. Difference between Negative List and exemption notifications explained. University provides auxiliary educational services, eligible for exemption under relevant notifications. Highlights Service Tax Mon, 05 Aug 2024 07:04:46 +0530 https://www.taxtmi.com/highlights?id=80107