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Rental property refers to real estate properties that are leased or rented out to tenants for residential or commercial use. The owner of the property is known as the landlord, and the tenant pays a monthly rent in exchange for the right to use the property. Rental income is a source of passive income for property owners.
Read moreReplied by Srijan Bhasin On 31/7/2023
Renting out your property to well-known companies such as Amazon, Flipkart, or Myntra can be an appealing option for property owners. These e-commerce giants are constantly looking for suitable location...
Read moreReplied by Sindhu Malhotra On 26/7/2023
House Rent Allowance (HRA) is a salary component employers provide to help employees meet their rental housing expenses. It is a common feature of salary packages offered by India's publi...
Read moreReplied by Kalicharan Thakur On 26/7/2023
In India, services are categorised using the SAC (Services Accounting Code) system to be taxed under the Goods and Services Tax (GST) regime. Each service is given a SAC cod...
Read moreReplied by Parikshit Patel On 26/7/2023
In the real estate sector, the phrases "lease" and "rent" are frequently used to refer to agreements for the use of property. Even though these words are frequently used interchangeably...
Read moreReplied by Sargam Kulkarni On 26/7/2023
A rental agreement usually spans a period of 11 months due to a large number of reasons, legal, practical, and cultural otherwise. These practices protect both the tenant and th...
Read moreReplied by Chhailbehari Laghari On 26/7/2023
Rental yield is a crucial indicator of a property owner’s return on investment when renting out their home. It is computed by taking the annual rental revenue and multiplying i...
Read moreReplied by Preetha Malhotra On 25/7/2023
Determining the rental value of a property is essential for property owners and landlords to improve their returns and attract tenants. However, various factors have to be considered at th...
Read moreReplied by Sushim Mangal On 18/7/2023
1RK is a typical 1 room and kitchen set. The room is used as a living cum bedroom and has a small kitchen and a toilet. They are also know...
Read moreReplied by Sumit Chauhan On 6/9/2024
A "PG" (Paying Guest) is a form of accommodation where tenants share a house or apartment with others while paying rent. It typically includes basic amenities like meals, laundry, an...
Replied by Janhavi Gokhale On 6/7/2023
TDS (tax deducted at source) on rent is defined under the legal provisions of Section 194-I. This is majorly for those people who are earning income from renting or sub-lettin...
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