1)I am composition dealer having retail medical shop, Also I have a commercial property which I want to give on rent @ 35000 per month. what will be the legal aspect
2)is there any way by which I can transfer the rental income to my wife without transfer of property
Menu
composition dealer can have rental income?
Replies (3)
1. You will have to opt out of composition scheme.
2. No ..
composition dealer can provide services up-to 5 lack, as discussed in 28 gst council meeting, any notification regarding this
It is amendment in GST act, that from 01.02.2019, composition dealer can supply services upto 10% of the aggregate supplies, or upto Rs.5 lakhs maximum.
From 01.04.2019 composition dealers are allowed to supply services or mixed supply of services with goods at 6% GST, but upto maximum 50 lakhs limit.
Recent Topic
- Return filing for intervening period upto date of
- EPF Withdrawal taxation
- While e filing otp not generating
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
- GPF AND COMMUTED PENSION RECEIVED
- How do I choose the correct trademark class? Can I
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
Related Topics
CAclubindia
