1]Service tax is payable only when you letout your property to businessman for carrying commercial activity in your premises, if you let out your property for residence or educational institution other than commercial coaching classes (Coaching classes are not covered under educational institution defination as per ST law)
2]Pl. wait, budget speech is not final to date. It will take 2 to 3 months to pass the budget. Once the budget passed then one will get idea that how to charge service tax on rental income from let property, letting to commercial activity only not for residence as explain 1. Vinay Ashok Shitut
