Ground rent

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
14 January 2015 What is meaning of Ground Rent under Income from house property? & why it's deductible from gross annul value?

14 January 2015 In good old days, especially with respect to plot owners' society, the rent for the plot...called as ground rent used to be paid by the member to the society...
A corresponding deduction is, therefore, given in Income Tax Act.

14 January 2015 it is not in today, when local corporation, or municipal corp. collet the rent from the owner of the land.
like in open land give to haat bazar then corporation collect the charges from the owner.
and also society collect from the members.


19 April 2018 What is the rate of GST for ground rent? What is the HSN code for the same?



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries