Operating a rental property through a company may not completely eliminate taxes on rent collection. You are still liable to pay income tax on the rental income you earn. It is subject to corporate taxes, including income tax and the applicable surcharge and cess. You can deduct various expenses related to the property, such as maintenance, repairs, and mortgage interest, from the rental income to reduce the taxable income.
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Can we Operate a Rental Property Through a Company to Avoid Huge Taxes on Rent Collection?
manug
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2023-10-20T00:18:36+00:00 2023-10-23T11:09:43+00:00Comment
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