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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.
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