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 :
- Revising salary on 24Q Q4 FY 25-26
- LTCG: Home Loan Principal Repayment?
- Ims action relationship query
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
Related Topics :
CAclubindia
