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Rental Income

Payment for Acquisition of Leasehold Rights over an Immovable Property is not Rental Income, No TDS applicable: Madras High Court [Read Judgment]

Taxscan Team

The Madras High Court while following its earlier decision held that the payment for the acquisition of leasehold rights over immovable property is...

Receipt from Renting Out of building Taxable as ‘Rental Income’ or ‘Other Income’Even If such...

Income from Maintenance Services Taxable as 'Other Income' can’t be included in Rental Income: ITAT...

Charitable Trust is not eligible for Standard Deduction for Rental Income: ITAT [Read Order]

Rent received by Trust from Shops Purchased out of Surplus Fund is Taxable: ITAT [Read Order]

11 CHS Members including Four CAs booked for alleged Misappropriation of Rental Income

In a case relating to alleged misappropriation of rental income of Rs 1.15 crore accruing to Namaskar co-operative housing society, the rabale police have booked 11 members including four chartered...

Chartered Accountant CAs Income Tax - Evasion

Rental Income from Letting Out Properties by Builder is House Property Income: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT) bench has held that the rental income received by the builder cannot be treated as business income and the same must be taxable under the head “Income from...

Budget 2019 proposes Major Relief on Rental Income

The Budget 2019 proposed by the Finance Minister Piyush Goyal has granted two major reliefs to the persons being taxed under the head house property income. Firstly, the budget proposes to exempt the...

Enjoyment of Property with Ownership Rights necessary condition for ‘Deemed Owner’: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Mumbai bench has held that to treat a person as ‘deemed owner’ of the property for the purpose of Income Tax Act, it is a necessary condition to prove that...

Rent received after purchase of already let out Warehouse is ‘House Property Income’: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the rental income received after the purchase of an already let out warehouse is taxable as income from house property. The...

Service Charges collected from Tenant is ‘House Property Income’ incidental to Rental Income: ITAT [Read Order]

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the service charges collected from the tenant which is incidental to rental income would constitute ‘house property income’ for...

Rental Income is Business Income If Letting Out was Business of Assessee: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the Rental Income received from letting out the property can be treated as “business income” if letting out of property is the...

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