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taxability
if a shop is owned by Mr.R and part of the shop is given on rent then what will be the taxability.
Replies (7)
Which Taxability you want in GST or Income tax...?
If the tenant is other than individual and paying rent more than Rs. 15000/- then TDS should be deducted @ 10%.
from income tax point of view. whether taxable under house property or income from other sources
It is taxable under the head Income from other sources.
Rent Received of Shop Taxable under Income from House Property.
property may be used for any purpose other than business or profession ,then only it'll be taxable under House Property Head
The Rental income will be calculate under IFHP...
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