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Rental Income

Rental Income and Service Charges from Leasing Out Malls/Commercial Complex constitute ‘Business Income’: Bombay HC [Read Order]

In CIT Mumbai v. M/s.E-City Project Construction Pvt. Ltd, division bench of the Bombay High Court held that rental income and service charges...

Rental Income from Letting out Shops in Mall is Income from Business not under the Head Income from...

Commercial Rental Income above 20 Lakh is subject to GST, says Hasmukh Adhia

GST on Rental Income: All You Need to Know

Dept cannot Re-Fix Annual Rent Value when Rental Income shown by Assessee is Genuine & not...

Rental Income not to attract GST

In a major relief to individual investors and home owners, Goods and Services Tax (GST) will not be levied on rental income. Until the last month, there were speculations of income from renting out a...

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 Services Tax, the new indirect tax regime. Sale...

Accommodation Services - Anti-Profiteering Rules - GST - Taxscan

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]

In Ms. Ramairen Properties Pvt Ltd v. ITO, the division bench of the Delhi ITAT ruled that non-recording of Construction expenses in books of account is not a ground for assessing rental income under...

Rental Income received by a Ruler from the Requisitioned Palace is not Taxable: SC [Read Judgment]

In a recent decision, the two-judge bench of the Supreme Court held that a Ruler is not liable to income tax in respect of rent received from the requisition of the exempted palace.The Court...

Income from Letting out a Commercial Complex is Business Income: Patna HC [Read Judgment]

Recently, the division bench of the Patna High Court held that the income earned by the assessee from letting out a commercial complex must be treated as his business income. The Court, based on...

Interest & Rental Income of the Club is Chargeable to Tax: ITAT Delhi [Read Order]

In a recent ruling, the Delhi bench of Income Tax Appellate Tribunal observed that the interest income and rental income received by a Club is taxable from the hands of such Club since the said income...

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...

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