S K and Associates

KEY 2026 INCOME TAX CHANGES

KEY 2026
INCOME TAX CHANGES

<ul style="margin-top: 0cm;" type="disc"><li class="MsoNormal" style="line-height: normal; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; tab-stops: list 36.0pt;">New Tax Rules 2026: The Income-tax Rules, 2026,
 create a single "Tax Year" (April–March), eliminating the old
 Assessment Year terminology. </li></ul>

<ul style="margin-top: 0cm;" type="disc"><li class="MsoNormal" style="line-height: normal; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; tab-stops: list 36.0pt;"> Form 130: Form 16 will be replaced by
 Form 130, requiring more detailed and systemic reporting from employers.</li></ul>

<ul style="margin-top: 0cm;" type="disc"><li class="MsoNormal" style="line-height: normal; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; tab-stops: list 36.0pt;">HRA Scrutiny: Employees must submit Form
 124 for HRA claims; landlords' PAN is mandatory for rent over ₹1 lakh.</li></ul>

<ul style="margin-top: 0cm;" type="disc"><li class="MsoNormal" style="line-height: normal; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; tab-stops: list 36.0pt;">Digital Currency: The RBI’s Digital Rupee
 (e₹) is now an official, prescribed mode of electronic payment for tax deductions.</li></ul>

<ul style="margin-top: 0cm;" type="disc"><li class="MsoNormal" style="line-height: normal; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; tab-stops: list 36.0pt;">SFT Thresholds Reduced: Reporting for insurance
 premiums (SFT) has been lowered to ₹5 lakh (with PAN) and ₹2.5 lakh
 (without PAN).</li></ul>

<ul style="margin-top: 0cm;" type="disc"><li class="MsoNormal" style="line-height: normal; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; tab-stops: list 36.0pt;">Exemptions: Free education perquisites in employer-owned
 schools increased to ₹3,000 per month per child. </li></ul>

KEY 2026 INCOME TAX CHANGES

KEY 2026 INCOME TAX CHANGES New Tax Rules 2026: The Income-tax Rules, 2026, create a single "Tax Year" (April–Ma...

CBDT Draft Form 138 – Quarterly TDS Reporting.

·        
Central Board of
Direct Taxes (CBDT) has proposed a new
Draft Form 138 for quarterly TDS reporting.

·        
It will replace
Form 24Q used for salary TDS
returns.

·        
The form must be filed every quarter by employers
and banks paying income to senior citizens.

·        
It will include salary details, deductions, tax calculation, TDS deducted, and
challan details.

·        
Purpose: more
transparent and detailed TDS reporting under the new Income Tax rules.

✅
In simple words: Form 138 is a new quarterly TDS return
format for salary income replacing Form 24Q.

CBDT Draft Form 138 – Quarterly TDS Reporting.

· Central Board of Direct Taxes (CBDT) has proposed a new Draft Form 138 for quarterly TDS reporting . · It will...

Extension of Due Date for MCA Annual Filings without Additional Fees (FY 2024–25)

The Ministry of Corporate Affairs (MCA) has extended the due date for filing annual returns and financial statements for FY 2024–25. Companies can file prescribed e-forms up to 31st January 2026 without paying any additional fees. All other conditio ns of the earlier circular remain unchanged.<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmyJLR3_egtd3ECMGEfwQtbcJ9_hVDyoQ8nXHSWDLoMl0UOfPYX-jk3koSlhTnv3envjC48KUPsfPE6QZI7F9JOFJ79WSQw7w_H6oE6Zs2uUhAWWgrUsO4O-ZVgc1VRlQjCC71GotR-xHUVPkELDUGCNiclCFNGKECqXYuU-_8XCYutmXxb8VpDGqD23r6/s1600/notification.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1600" data-original-width="1112" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmyJLR3_egtd3ECMGEfwQtbcJ9_hVDyoQ8nXHSWDLoMl0UOfPYX-jk3koSlhTnv3envjC48KUPsfPE6QZI7F9JOFJ79WSQw7w_H6oE6Zs2uUhAWWgrUsO4O-ZVgc1VRlQjCC71GotR-xHUVPkELDUGCNiclCFNGKECqXYuU-_8XCYutmXxb8VpDGqD23r6/w445-h640/notification.jpeg" width="445" /></a></div>

Extension of Due Date for MCA Annual Filings without Additional Fees (FY 2024–25)

The Ministry of Corporate Affairs (MCA) has extended the due date for filing annual returns and financial statements for FY 2024–25. Compan...

Advisory & FAQ on Electronic Credit Reversal and Re-claimed Statement & RCM Liability/ITC Statement

<img alt="GST Advisory Services | Best GST Consultant in India" class="sFlh5c FyHeAf" src="https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQqY7MPe_P3bdRTfAZecb0em81BjUeRb41GDw&s" style="max-width: 1200px;" /><li data-end="186" data-start="40">GST has introduced the Electronic Credit Reversal & Re-claimed Statement (Reclaim Ledger) to track ITC reversals and re-claims accurately.
</li><li data-end="289" data-start="187">
RCM Liability/ITC Statement (RCM Ledger) monitors RCM liability and corresponding ITC claimed.
</li><li data-end="361" data-start="290">
Claiming ITC in excess of available balance triggers a warning.
</li>
<li data-end="435" data-start="362">
Soon, negative balances or excess ITC claims will not be allowed.
</li>
<li data-end="542" data-start="436">
Filing of GSTR-3B will be blocked unless excess ITC is reversed or RCM liability is paid/reversed.
</li>
<li data-end="619" data-is-last-node="" data-start="543">
Both ledgers will be strictly validated at the time of GSTR-3B filing.</li>

Advisory & FAQ on Electronic Credit Reversal and Re-claimed Statement & RCM Liability/ITC Statement

GST has introduced the Electronic Credit Reversal & Re-claimed Statement (Reclaim Ledger) to track ITC reversals and re-claims accura...

SALE PERCENTAGE WISE REPORT IN TALLY

EWAY BILL UPDATE

<ol class="pl-3 mb-0" style="-webkit-text-stroke-width: 0px; background-color: white; box-sizing: border-box; color: #333333; font-family: "Open Sans", sans-serif; font-size: 14px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 0px !important; margin-top: 0px; orphans: 2; padding-left: 1rem !important; text-align: left; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><li style="box-sizing: border-box;">Supplier GSTIN Restriction: GSTINs registered under TCS and TDS categories cannot be used as Supplier GSTIN. These taxpayers are not permitted to generate e-waybills as supplier, and the system will now restrict entries where TCS/TDS GSTINs are used in the supplier field.</li><li style="box-sizing: border-box;">Document Number Case Sensitivity: The Document Number field is now case-sensitive. The system will automatically convert entries to uppercase, regardless of whether users type them in upper or lower case.</li></ol>

EWAY BILL UPDATE

Supplier GSTIN Restriction: GSTINs registered under TCS and TDS categories cannot be used as Supplier GSTIN. These taxpayers are not per...

GST on Rent

<img alt="GST on Rental Properties-Commercial ..." class="YQ4gaf" data-atf="1" data-csiid="XuweaYyrOJeV4-EPzILUuQM_38" height="168" id="dimg_XuweaYyrOJeV4-EPzILUuQM_99" 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initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"></div><div class="Fv6NCb" data-sfc-cp="" data-ved="2ahUKEwjqotHBvYCRAxUdSGwGHVRvFqIQ-q4QegYIAQgAEAc" data-wiz-uids="PBdLhb_m" style="-webkit-text-stroke-width: 0px; background-color: white; box-sizing: border-box; color: #0a0a0a; font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; margin: 10px 0px 20px; orphans: 2; overflow: auto; scrollbar-width: none; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; width: auto; word-spacing: 0px;"><table class="NRefec" data-animation-nesting="" style="border-collapse: collapse; border: none; table-layout: auto; width: 632px;"><tbody><tr class="cZCYO" data-sfc-cp=""><th class="iry6k" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 14px; font-weight: bold; line-height: 22px; min-width: 4em; padding: 0px 10px 12px 0px; text-align: left; vertical-align: top;"><div class="q88TKd" style="align-content: center; display: flex; height: 44px;">Type of Property <button aria-label="View related links" class="rBl3me" data-amic="true" data-icl-uuid="2c95d110-a0c9-4559-9890-4a2653151037" data-ved="2ahUKEwjqotHBvYCRAxUdSGwGHVRvFqIQye0OegYIAQgAEAg" data-wiz-attrbind="disabled=PBdLhb_p_C5gNJc;class=PBdLhb_p_UpSNec;" style="background: none 0% 0% / auto repeat scroll padding-box border-box rgb(229, 237, 255); border-radius: 10px; border: none; cursor: pointer; height: 20px; margin: 0px 6px 0px 0px; outline: 0px; padding: 0px; position: relative; width: 28px;" tabindex="0"><svg fill="currentColor" height="12px" style="margin-top: 3px;" viewbox="0 0 24 24" width="12px" xmlns="http://www.w3.org/2000/svg"><path d="M3.9 12c0-1.71 1.39-3.1 3.1-3.1h4V7H7c-2.76 0-5 2.24-5 5s2.24 5 5 5h4v-1.9H7c-1.71 0-3.1-1.39-3.1-3.1zM8 13h8v-2H8v2zm9-6h-4v1.9h4c1.71 0 3.1 1.39 3.1 3.1s-1.39 3.1-3.1 3.1h-4V17h4c2.76 0 5-2.24 5-5s-2.24-5-5-5z"></path></svg></button></div></th><th class="iry6k" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 14px; font-weight: bold; line-height: 22px; min-width: 4em; padding: 0px 10px 12px; text-align: left; vertical-align: top;"><div class="q88TKd" style="align-content: center; display: flex; height: 22px;">Usage</div></th><th class="iry6k" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 14px; font-weight: bold; line-height: 22px; min-width: 4em; padding: 0px 10px 12px; text-align: left; vertical-align: top;"><div class="q88TKd" style="align-content: center; display: flex; height: 44px;">Tenant Status</div></th><th class="iry6k" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 14px; font-weight: bold; line-height: 22px; min-width: 4em; padding: 0px 10px 12px; text-align: left; vertical-align: top;"><div class="q88TKd" style="align-content: center; display: flex; height: 44px;">GST Applicable?</div></th><th class="iry6k" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 14px; font-weight: bold; line-height: 22px; min-width: 4em; padding: 0px 10px 12px; text-align: left; vertical-align: top;"><div class="q88TKd" style="align-content: center; display: flex; height: 22px;">Rate</div></th><th class="iry6k" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 14px; font-weight: bold; line-height: 22px; min-width: 4em; padding: 0px 0px 12px 10px; text-align: left; vertical-align: top;"><div class="q88TKd" style="align-content: center; display: flex; height: 44px;">Who Pays?</div></th></tr><tr class="cZCYO" data-sfc-cp=""><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px 12px 0px; vertical-align: top;">Residential</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">Personal Use/Residence</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">Unregistered Individual</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">No (Exempt)</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">Nil</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 0px 12px 10px; vertical-align: top;">N/A</td></tr><tr class="cZCYO" data-sfc-cp=""><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px 12px 0px; vertical-align: top;">Residential</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">Personal Use/Residence</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">Registered Business</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">Yes (under RCM)</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">18%</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 0px 12px 10px; vertical-align: top;">Tenant</td></tr><tr class="cZCYO" data-sfc-cp=""><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px 12px 0px; vertical-align: top;">Residential</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">Commercial/Business Use</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">Any (Registered or not)</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">Yes</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">18%</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 0px 12px 10px; vertical-align: top;">Landlord (FCM)</td></tr><tr class="cZCYO" data-sfc-cp=""><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px 12px 0px; vertical-align: top;">Commercial</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">Any Use</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">Registered Business</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">Yes</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">18%</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 0px 12px 10px; vertical-align: top;">Landlord (FCM) or Tenant (RCM)</td></tr><tr class="cZCYO" data-sfc-cp=""><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px 12px 0px; vertical-align: top;">Commercial</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">Any Use</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">Unregistered Individual</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">No (if landlord is below threshold)</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">N/A</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 0px 12px 10px; vertical-align: top;">N/A</td></tr></tbody></table></div><span id="iC-geaarxCZ2QseMP1N7ZkAo_3" style="-webkit-text-stroke-width: 0px; background-color: white; color: #0a0a0a; font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span id="iC-geaarxCZ2QseMP1N7ZkAo_4" style="-webkit-text-stroke-width: 0px; background-color: white; color: #0a0a0a; font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span id="iC-geaarxCZ2QseMP1N7ZkAo_5" style="-webkit-text-stroke-width: 0px; background-color: white; color: #0a0a0a; font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span id="iC-geaarxCZ2QseMP1N7ZkAo_6" style="-webkit-text-stroke-width: 0px; background-color: white; color: #0a0a0a; font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span id="iC-geaarxCZ2QseMP1N7ZkAo_7" style="-webkit-text-stroke-width: 0px; background-color: white; color: #0a0a0a; font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span id="iC-geaarxCZ2QseMP1N7ZkAo_8" style="-webkit-text-stroke-width: 0px; background-color: white; color: #0a0a0a; font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span id="iC-geaarxCZ2QseMP1N7ZkAo_9" style="-webkit-text-stroke-width: 0px; background-color: white; color: #0a0a0a; font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><div class="Fsg96" data-sfc-cp="" style="-webkit-text-stroke-width: 0px; background-color: white; color: #0a0a0a; font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"></div><div aria-level="3" class="AdPoic" data-animation-nesting="" data-sfc-cp="" role="heading" style="-webkit-text-stroke-width: 0px; background-color: white; color: #0a0a0a; font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 20px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 600; letter-spacing: normal; line-height: 28px; margin: 20px 0px 10px; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">Important Details<button aria-label="View related links" class="rBl3me" data-amic="true" data-icl-uuid="8b913189-8c67-4e74-9661-3db8fa7a723b" data-ved="2ahUKEwjqotHBvYCRAxUdSGwGHVRvFqIQye0OegYIAQgAEAo" data-wiz-attrbind="disabled=PBdLhb_2a_C5gNJc;class=PBdLhb_2a_UpSNec;" style="background: none 0% 0% / auto repeat scroll padding-box border-box rgb(229, 237, 255); border-radius: 10px; border: none; cursor: pointer; height: 20px; margin: 0px 6px 0px 0px; outline: 0px; padding: 0px; position: relative; width: 28px;" tabindex="0"><svg fill="currentColor" height="12px" style="margin-top: 3px;" viewbox="0 0 24 24" width="12px" xmlns="http://www.w3.org/2000/svg"><path d="M3.9 12c0-1.71 1.39-3.1 3.1-3.1h4V7H7c-2.76 0-5 2.24-5 5s2.24 5 5 5h4v-1.9H7c-1.71 0-3.1-1.39-3.1-3.1zM8 13h8v-2H8v2zm9-6h-4v1.9h4c1.71 0 3.1 1.39 3.1 3.1s-1.39 3.1-3.1 3.1h-4V17h4c2.76 0 5-2.24 5-5s-2.24-5-5-5z"></path></svg></button></div><ul class="KsbFXc U6u95" style="-webkit-text-stroke-width: 0px; background-color: white; color: #0a0a0a; font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; line-height: 24px; margin: 10px 0px 20px; orphans: 2; padding-inline-start: 16px; padding: 0px; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><li data-hveid="CAEIABAM" style="list-style: disc; margin: 0px 0px 12px; padding-inline-start: 4px; padding: 0px;">Residential Property for Personal Use: Rent paid for a residential dwelling used solely for personal accommodation is fully exempt from GST. This applies even if the landlord is GST-registered.</li><li data-hveid="CAEIABAN" style="list-style: disc; margin: 0px 0px 12px; padding-inline-start: 4px; padding: 0px;">Commercial Property: Renting out commercial properties (shops, offices, warehouses, etc.) is considered a supply of service and is generally subject to an 18% GST.</li><li data-hveid="CAEIABAO" style="list-style: disc; margin: 0px 0px 12px; padding-inline-start: 4px; padding: 0px;">Reverse Charge Mechanism (RCM):<ul class="KsbFXc U6u95" style="font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 16px; line-height: 24px; margin: 10px 0px 20px; padding-inline-start: 16px; padding: 0px;"><li data-hveid="CAEIABAP" style="list-style: circle; margin: 0px 0px 16px; padding-inline-start: 0px; padding: 0px;">If a GST-registered business (tenant) rents any property (commercial or residential) from an unregistered landlord, the tenant is liable to pay the 18% GST directly to the government under the RCM.</li><li data-hveid="CAEIABAQ" style="list-style: circle; margin: 0px 0px 16px; padding-inline-start: 0px; padding: 0px;">The tenant can generally claim an Input Tax Credit (ITC) for this GST paid, provided the property is used for business purposes.</li></ul></li><li data-hveid="CAEIABAR" style="list-style: disc; margin: 0px 0px 12px; padding-inline-start: 4px; padding: 0px;">Threshold Limit: Landlords (who are not under RCM conditions) must register for GST and collect tax only if their total annual income from all taxable activities (including commercial rent) exceeds ₹20 lakh (₹10 lakh in special category states).</li><li data-hveid="CAEIABAS" style="list-style: disc; margin: 0px 0px 12px; padding-inline-start: 4px; padding: 0px;">TDS vs. GST: Tax Deducted at Source (TDS) on rent under the Income Tax Act is a separate matter from GST and applies to annual rents over ₹2.4 lakh (applicable from F.Y. 2024-25, previously ₹1.8 lakh). </li></ul>

GST on Rent

Key Scenarios for GST on Rent Type of Property Usage Tenant Status GST Applicable? Rate Who Pays? Residential Personal Use/Residence Unr...

S K and Associates

KEY 2026 INCOME TAX CHANGES

KEY 2026 INCOME TAX CHANGES

CBDT Draft Form 138 – Quarterly TDS Reporting.

Extension of Due Date for MCA Annual Filings without Additional Fees (FY 2024–25)

Advisory & FAQ on Electronic Credit Reversal and Re-claimed Statement & RCM Liability/ITC Statement

SALE PERCENTAGE WISE REPORT IN TALLY

EWAY BILL UPDATE

GST on Rent

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