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Monthly Maintenance charges in Flats

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56 Points Posted on 15 August 2024
in respect of Flat rented out, the Tenant is paying the monthly Maintenance charges to RWA. But the RWA is issuing the receipt in the name of Flat owner instead of Tenant who is paying the amount. Is it correct practice? What are the income tax implications for Owner & Tenant?
Santhanakrishnan
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On 15 August 2024 at 22:09 Report
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SEO Sai Gr. Hosp.
211715 Points Posted on 16 August 2024

Yes,

Owner has to consider it as part of rent income.

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On 16 August 2024 at 09:33
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"Do the Right Thing...!!!"
128152 Points Posted on 17 August 2024
Yes I agreed 👍.
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On 17 August 2024 at 17:24
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Profession Business
28207 Points Posted on 18 August 2024
Monthly maintainance charges to rwa
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On 18 August 2024 at 14:54
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56 Points Posted on 01 September 2024
If the receipt for monthly maintenance payment is issued in the name of Tenant ( who pays the same to RWA) what will be the tax implications for Owner?
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On 01 September 2024 at 23:18
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SEO Sai Gr. Hosp.
211715 Points Posted on 02 September 2024

RWA cannot change the name of the owner. It is just who pays / for on behalf of / are recorded in the receipt.  That doesn't change its status.

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On 02 September 2024 at 08:34
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56 Points Posted on 03 September 2024
Thank you very much Rambhia ji.
1 Reply
On 03 September 2024 at 22:38
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SEO Sai Gr. Hosp.
211715 Points Posted on 03 September 2024

You are welcome.              

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On 03 September 2024 at 22:51


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