which ITR to file for income from rent on commercial building less than 20 lakh and agricultural income above rs. 5000 whether gst applicable for rent please suggest....
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182338 Points)
Replied 21 July 2017
ITR 2 for income tax filing
GST applicable if your total turnover exceed 20 lakhs.
pushpalatha g h
(Student CA IPC / IPCC)
(27 Points)
Replied 21 July 2017
TNX SIR,
WHAT IF HAVING INCOME FROM MORE THAN ONE BUILDING SIR
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182338 Points)
Replied 21 July 2017
Answer remains same........... total of rental income from one or more buildings is taxable and ITR 2 can be filed (unless its business sort of thing) ............
GST is anyway liable on aggregate amount only.......
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