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 :
- Guidence requested for a Finance Professional with
- Expert Opinion Required – Form 140 Gross Amo
- WRONG TAX DEMAND - formal responses , rectificatio
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
- TAN REGISTRATION ON E-FILLING SITE
- Form 10-IEA – Continuing Old Regime
- Income tax act 2026
- Belated Return where Form 10IEA filed this year to
Related Topics :
CAclubindia
