https://www.taxtmi.com/caselaws?id=398665 The ruling in this case determined that the applicant cannot deduct property taxes and statutory levies from rental income. Notional interest on the security deposit should be considered in calculating total income from rental only if it affects the value of the rental supply service. The applicant is eligible for tax exemption under the general exemption of Rs. 20 lakhs, provided their total turnover, including monthly rent and notional interest influencing the value of supply, does not surpass the threshold limit. en-us Wed, 16 Sep 2020 00:00:00 +0530 Wed, 19 Mar 2025 17:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398665 The ruling in this case determined that the applicant cannot deduct property taxes and statutory levies from rental income. Notional interest on the security deposit should be considered in calculating total income from rental only if it affects the value of the rental supply service. The applicant is eligible for tax exemption under the general exemption of Rs. 20 lakhs, provided their total turnover, including monthly rent and notional interest influencing the value of supply, does not surpass the threshold limit. Case-Laws GST Wed, 16 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398665