News: Property taxes, notional-interest on deposit influencing ‘supply-value’ do form part of ‘rental-income’, says AAR-19-09-2020
https://www.thehindubusinessline.com/news/real-estate/property-taxes-notional-interest-on-deposit-influencing-supply-value-do-form-part-of-rental-income-says-aar/article32648865.ece
Property tax and other statutory levies cannot be deducted from rental income for the purpose of arriving at the value of supply of renting services, Karnataka’ Authority for Advance Ruling (AAR) said in a recent ruling.
