Sir A firm mortgage his godown to another one in order to get money for discharging of it's liability My questions are
A firm received money for speculated time Can it treat as a secured loan in which head of balance sheet it shown
Firm B gets rights from mortgage property to receive rental income what is income tax or GST treatment in this regard
Menu
Mortgage with possession
Replies (2)
Quick Summary
As far as GST is concerned, rent received from third party is supply of services i.e. renting of immovable property taxed at 18%. interest income received is exempt. pls check registration threshold.
Yes, a friend of mine recently inquired about a similar issue.
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
