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Renting of Commercial Property

Others 278 views 2 replies

Veera Veera

253 Points Posted on 23 October 2021

Assessee is showing Rental Income under Income from House Property & availing Standard Deductions under section 24

Can he take ITC on Office Expenses/ Bills, because as he doesn't show Income under Business in ITR

Replies (2)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

211715 Points Posted on 23 October 2021

ITC CAN BE AVAILED, AS FOR GST ITS TAXABLE SUPPLY..

CA ABHAY GUPTA

Practice

3235 Points Posted on 23 October 2021

We should not see the head of income for taking ITC in GST. Both law are different thus income shown under head house property does not means that you cannot claim ITC because it is nowhere mentioned in law that the ITC can only be claim against the income shown under head PGPB in ITR filed.

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