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Tax Implications of Rental Income by Brown Boi is a document available to read on EtoBox.
What is Tax Implications of Rental Income about?
1. Rent received from property is taxable under the head "Income from Property". This includes amounts received for use or occupation of land or buildings. 2. If rent is less than fair market value, tax is calculated based on fair market rent. However, this does not apply to self-hiring where fair market rent is included in lessee
- Author
- Brown Boi
- Language
- EN