Split Smart, Save Big: Tax-Efficient Rental Income Planning for Couples
As rental incomes rise across India’s booming property market, many couples are discovering that owning a second home can be more than just a...
![Deemed Rental Income applicable to Self Occupied Properties u/s 23 (4) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Deemed-Rental-Income-Properties-us-23-4-of-Income-Tax-Act-ITAT-TAXSCAN.jpg "Deemed Rental Income applicable to Self Occupied Properties u/s 23 (4) of Income Tax Act: ITAT [Read Order]")
![Rental Income Shall be treated as Income from House Property, not Income from Other Sources: ITAT grants Relief to Piramal Enterprises [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Rental-Income-Income-from-House-Property-House-Property-ITAT-Piramal-Enterprises-taxscan.jpg "Rental Income Shall be treated as Income from House Property, not Income from Other Sources: ITAT grants Relief to Piramal Enterprises [Read Order]")
Rental Income received from letting out property is taxable under head “Income from House Property": ITAT allows deduction u/s 24(a) of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench held that rental income received from letting out property is taxable under the head "Income from house property." Therefore, the bench allowed a...
![Rental Income received from letting out property is taxable under head “Income from House Property: ITAT allows deduction u/s 24(a) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Rental-Income-received-from-letting-out-property-is-taxable-Income-from-House-Property-ITAT-allows-deduction-Income-Tax-Act-TAXSCAN.jpg "Rental Income received from letting out property is taxable under head “Income from House Property: ITAT allows deduction u/s 24(a) of Income Tax Act [Read Order]")
Rental Income earned from Lease of building taxable under the head “Income from Business and Profession": ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench held that rental income earned from the lease of a building would be taxable under the head "Income from Business and Profession." The tribunal...
![Rental Income earned from Lease of building taxable under the head “Income from Business and Profession: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Rental-Income-earned-from-Lease-building-taxable-Income-from-Business-and-Profession-ITAT-Income-Tax-Act-Income-Tax-TAXSCAN.jpg "Rental Income earned from Lease of building taxable under the head “Income from Business and Profession: ITAT [Read Order]")
No real Rental Income received from litigation filed for recovery of arrears of Rent: ITAT deletes addition made on account notional Rental Income [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench while deleting the addition made on account of notional Rental Income, observed that no real rental income received from litigation filed for...
![No real Rental Income received from litigation filed for recovery of arrears of Rent: ITAT deletes addition made on account notional Rental Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/real-Rental-Income-received-from-litigation-filed-Income-received-from-litigation-filed-real-Rental-Income-recovery-of-arrears-of-Rent-ITAT-deletes-addition-notional-Rental-Income-taxscan.jpg "No real Rental Income received from litigation filed for recovery of arrears of Rent: ITAT deletes addition made on account notional Rental Income [Read Order]")
Rental Income received from Agricultural Land shall be exempt from Tax and be treated as Agricultural Income: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the rental income received from the agricultural land shall be exempt from tax and be treated as agricultural income. The...
![Rental Income received from Agricultural Land shall be exempt from Tax and be treated as Agricultural Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Rental-Income-Rental-Income-received-from-Agricultural-Land-Agricultural-Land-Tax-Agricultural-Income-taxscan.jpg "Rental Income received from Agricultural Land shall be exempt from Tax and be treated as Agricultural Income: ITAT [Read Order]")
Rental Income Received Separately by Each Co-Owner Below the Threshold Limit is not subject to Levy of Service Tax: CESTAT [Read Order]
The Chennai bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that rental income received separately by each co-owner below the threshold limit is subject to the levy...
![Rental Income Received Separately by Each Co-Owner Below the Threshold Limit is not subject to Levy of Service Tax: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Co-Owner-Threshold-Limit-Levy-of-Service-Tax-CESTAT-rental-income-income-taxscan.jpg "Rental Income Received Separately by Each Co-Owner Below the Threshold Limit is not subject to Levy of Service Tax: CESTAT [Read Order]")