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Rental Income

GST on Rental Income: All You Need to Know

Taxscan Team

Finally, India has switched to the new indirect tax regime which promises “One Nation, One Tax, One Market” to the whole country. The GST Council has...

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

Rental Income not to attract GST

Accommodation Services - Anti-Profiteering Rules - GST - Taxscan

Rental Income, EMIs to attract GST from 1st July

Rental Income cannot be assessed as ‘Other income’ merely on ground of Non-recording of Construction...

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...