Category: Property Tax

Property Tax on a PG: Residential or Commercial Rate? The building may still look like the family home it once was, but its property-tax record might need to change after you start a PG. An assessment that describes every floor as self-occupied housing can become difficult to defend when you advertise beds, collect accommodation fees… Continue reading Property Tax on a PG: Residential or Commercial Rate?

Is PG Income ‘House Property’ or ‘Business Income’? How to Pay the Right Tax A PG owner and a PG operator can earn money from the same building and report it differently. The owner may collect a fixed monthly rent, while the operator collects bed charges, serves meals, employs staff and handles daily upkeep. Calling… Continue reading Is PG Income ‘House Property’ or ‘Business Income’? How to Pay the Right Tax

Your Tenants Now Need Your PAN: Rent Receipt Rules Under the New Tax Rules When a tenant asks for your PAN along with their rent receipts, they usually need it for their employer’s House Rent Allowance documentation. For PG owners, these requests can arrive together during payroll proof submission, often with questions about agreements, payment… Continue reading Your Tenants Now Need Your PAN: Rent Receipt Rules Under the New Tax Rules

TDS on Rent Under the New Income-tax Act: Section 393 and Form 141 Explained Paying ₹60,000 a month for a flat means there is more to settle than the landlord’s bank transfer. If you are an eligible individual tenant paying a resident landlord, TDS on rent under the new Income-tax Act involves Section 393, a… Continue reading TDS on Rent Under the New Income-tax Act: Section 393 and Form 141 Explained

When Do I Need to Deduct TDS on Rent I’m Receiving? Rental income involves more than receiving the agreed amount every month. When rent exceeds ₹50,000 per month, Tax Deducted at Source (TDS) becomes important for eligible rental arrangements. It affects the amount landlords receive and the tax responsibilities of their tenants. One important distinction… Continue reading When Do I Need to Deduct TDS on Rent I’m Receiving?

Can Unpaid Rent Be Excluded from Taxable Income? When a tenant stops paying rent, the problem is not limited to the immediate loss of cash flow. It can also raise an important income tax question for the property owner. If rent was due under the tenancy agreement but was never received, does the landlord still… Continue reading Can Unpaid Rent Be Excluded from Taxable Income?

How Do I Report My Rental Income Correctly in My ITR? For a landlord, rental income can look like a simple number. You receive rent every month and report the amount while filing your Income Tax Return. The actual process is more detailed. Rental income from a qualifying house property is generally taxed under the… Continue reading How Do I Report My Rental Income Correctly in My ITR?

Do I Need to Pay GST on My PG or Hostel Rent? Running a PG or hostel involves much more than collecting rent every month. Owners have to manage occupancy, agreements, payments, food, utilities, maintenance, tenant records, and a growing list of compliance requirements. GST becomes particularly confusing because a PG may look like a… Continue reading Do I Need to Pay GST on My PG or Hostel Rent?

How Does RBI’s New Weekly Credit Reporting Rule Affect Rent Payments? Rent payments are becoming part of a wider conversation about digital finance, financial discipline, and payment transparency in India. Tenants now use UPI, bank transfers, and online payment platforms to pay their monthly rent. Landlords and PG operators also depend on digital tools to… Continue reading How Does RBI’s New Weekly Credit Reporting Rule Affect Rent Payments?