Renting of Commercial Property

This discussion clarifies whether an assessee receiving rental income from commercial property, declared under 'Income from House Property' and claiming standard deductions, can also claim Input Tax Credit (ITC) on office expenses. The consensus is that ITC can be claimed for GST purposes, as the taxability under GST is separate from the head of income declared in the Income Tax Return. The law does not restrict ITC claims solely to income declared under 'Profits and Gains from Business or Profession' (PGBP) in the ITR.