Menu
Rental income
can an income be taxed both under Gst and Income tax ?
Replies (1)
If your total income (Including rental income) is more than Rs. 20 lacs in a year, then you are eligible to register under gst and charge gst on rental income as well. This is applicable only if the rent is obtained on property is given for commercial purpose & not for residential purpose. GST will be collected from the tenant.
Further, you will have to pay income tax as Income from House property.
Recent Topics :
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
- Does Parag gupta's booster batch good for CA Inter
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
Related Topics :
CAclubindia
