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SAC Code for Interest and residential house rent
Dear sir or madam, I requesting your good self kindly know me the SAC Code for Interest on loans and Rental income from residetial house property.
Replies (3)
Quick Summary
No GST is applicable on Interest on loans and rental income from residential house property.
But commercial purpose if then levied
Know the SAC CODE FOR INTEREST ON LOANS AND RENTAL INCOME FROM HOUSE PROPERTY. BUT IF YOU TAKE EMI ON A CERTAIN TRANSACTIONS THRU EMI, THEN GST IS APPLICABLE.
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