7 Replies
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 21 August 2018
| Originally posted by : manish jain | ||
 |
Resident income is taxable for Resident??? |  |
Yes
Pratik Surve
(Assistant Professor )
(571 Points)
Replied 21 August 2018
YES IT IS TAXABLE. AND WILL BE TREATED AS INCOME FROM HOUSE PROPERTY.
Pratik Surve
(Assistant Professor )
(571 Points)
Replied 21 August 2018
IF RESIDENTAL PROPERTY IS LETOUT FOR RESIDENTAL PURPOSE THEN GST NOT APPLICABLE.
Shivam RC
(Student)
(23683 Points)
Replied 21 August 2018
But if the same is let out for Commercial purpose, then GST applicable @ 18%.
Sheetal Devaki
(Proprietor)
(171 Points)
Replied 23 August 2018
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 23 August 2018
No, since share in firm is not business or profession income.
Recent Topics
- Expire stock
- INCOME TAX AY 25-26
- Experienced CA firm for accounting & auditing
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
Related Threads
CAclubindia
