Regarding Rent Income
This query is : Resolved
Quick Summary
04 December 2020
Sir, I has been received rent income (commercial) 1,80,000/- in year. Then any tax liability in this income ?
04 December 2020
If this is the only income no GST or income tax applicable.
Message likes :
1 times
17 January 2021
Sir, in this I am also manufacture, than any condition or any tax liability on rent income Rs. 1,80,000/-
17 January 2021
If you are registered under GST then GST applicable on such commercial rental income. Income tax also applicable.
20 January 2021
Sir, some confusion in this matter.
https://economictimes.indiatimes.com/news/economy/policy/rental-income-beyond-rs-20-lakh-to-attract-gst-says-hasmukh-adhia/articleshow/59539708.cms?from=mdr
https://economictimes.indiatimes.com/news/economy/policy/rental-income-beyond-rs-20-lakh-to-attract-gst-says-hasmukh-adhia/articleshow/59539708.cms?from=mdr
21 January 2021
You are a manufacturer already paying GST for you the limit of 20 lacs not applicable.
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