Posted on: 12th Jul, 2013 12:25 am
I rent a home. I need to know whether or not the rent payment is taxable. Please help.
Well, your rent payments are not taxable for you. But as it will be the landlord's income, he may be liable for paying taxes.
Hi Guest,
You can contact a tax adviser and also take his opinion in this regard.
You can contact a tax adviser and also take his opinion in this regard.
Why would your rent payments be taxable for you? If you have confusions, you can certainly get in touch with a tax advisor.