The Goods and Services Tax (GST) Act was implemented in 2017. With this, came changes in the taxation of the rental income. The GST law in India treats renting of commercial as well as … READ FULL STORY
Goods and services tax (GST) will not have to be paid in case the owner of a GST-registered company rents an accommodation in his personal capacity, the Central Board of Indirect Taxes and Customs … READ FULL STORY
Owners who have rented their property to educational institutes registered under Section 122A of the income tax law, are liable to pay 18% GST on their rental income, the Authority of Advance Rulings – … READ FULL STORY
Ramneek Patel, an MNC executive in Gurgaon, lives in a company-leased accommodation, for which his employer deducts Rs 40,000 per month for the rented apartment. Now that the Goods and Services Tax (GST) has … READ FULL STORY
In a move that would significantly change the dynamics of rental real estate in India, the Goods and Services Tax (GST) Council has decided to do away with the exemption so far granted to … READ FULL STORY
The rental income from a real estate investment, is taxed under the head ‘Income from House property’ under the income tax laws, which is a direct tax law of the country. Properties that are … READ FULL STORY
