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Rental Income, EMIs to attract GST from 1st July
From July 1st onwards, leasing of land, renting of buildings as well as EMIs paid for purchase of under-construction houses will attract the Goods and...
![Rental Income cannot be assessed as ‘Other income’ merely on ground of Non-recording of Construction Expenses in Books of Account: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Rental-Income-Taxscan.jpg "Rental Income cannot be assessed as ‘Other income’ merely on ground of Non-recording of Construction Expenses in Books of Account: ITAT Delhi [Read Order]")
![Rental Income received by a Ruler from the Requisitioned Palace is not Taxable: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan-min.jpg "Rental Income received by a Ruler from the Requisitioned Palace is not Taxable: SC [Read Judgment]")
![Interest & Rental Income of the Club is Chargeable to Tax: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "Interest & Rental Income of the Club is Chargeable to Tax: ITAT Delhi [Read Order]")
Rent received by a ‘licensee’ is ‘Business Income’, not taxable under the head ‘Income form House Property’: ITAT Kolkata [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal in a recent decision ruled that the rental income earned by a licencee is chargeable under the head ‘business income’. The Tribunal further made...
![Rent received by a ‘licensee’ is ‘Business Income’, not taxable under the head ‘Income form House Property’: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Rent-out-Business-Taxscan.jpg "Rent received by a ‘licensee’ is ‘Business Income’, not taxable under the head ‘Income form House Property’: ITAT Kolkata [Read Order]")