Rent above ₹50,000 per month? Why claiming HRA alone won't keep the Income Tax department away
If your monthly rent exceeds ₹50,000 and you’ve claimed HRA without deducting Tax Deducted at Source (TDS), the Income Tax Department’s automated system may flag your return.
'If you buy a commercial shop in India...’: Finfluencer calls small business taxation ‘pure madness’
Now accountants will start: oh there is input tax credit. Buddy, someone pays that 18% GST eventually (your end customer; ...
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When do you have to register for GST as a professional landlord?
In this scenario, the tenant is liable to pay 18% GST directly to the government. Conversely, if the landlord is GST-registered, they must charge GST on rent for commercial properties. The tenant ...