banner_ad

Tax on Rental Commercial Property

This query is : Resolved 
Profile Image

Profile Image

(Querist)
09 January 2020 I had rented commercial property who's rent is 50,000/- Month. I don't have any other income source.
How much Tax would i have to pay or applicable on this.
Property is in Maharashtra.
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
10 January 2020 You will not be required to pay any tax as your annual total income can maximum be Rs (600000- 180000) Rs 420000. Though Tax on this amount is Rs 8500/ but you will get rebate of 8500/- as your total income is below Rs 5.00 lac.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details