A religious place is managed by a trust, where devotees do come for prayers etc. has an area of 100000 Sq ft. Out of this area, 15% area is covered by shops from which the trust is having rent income of 8000 per month per shop. Whether the trust is eligible for exemption on rent
Renting of precincts of a religious place meant for general public, owned or managed by an entity registered as a charitable or religious trust under section 12AA or 12AB of the Income-tax Act, 1961 is exempted vide N/N 12/2017-CT(R) if renting of shops or other spaces for business or commerce where charges do not exceed ten thousand rupees or more per month.