Tax On Rental Income

Realty firm DLF's rental arm DCCDL has posted an 11 per cent annual increase in office rental income to Rs 942 crore during the first quarter of this fiscal on better demand for its premium workspace. DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF and Singapore sovereign wealth fund GIC. DLF holds a 66.67 per cent stake, while the GIC has a 33.33 per cent stake in DCCDL. According to the latest investor presentation, DCCDL's rental income from office buildings rose to Rs 942 crore during the April-June period of the current fiscal from Rs 851 crore in the year-ago period. The rental income from retail real estate space grew 9 per cent to Rs 210 crore in the first quarter of this fiscal from Rs 192 crore a year ago. On the commercial real estate segment, DLF said it has achieved "double-digit rental growth through organic growth and new developments". "Significant increase in retail presence; portfolio to grow to 2 times in the next 4-5 years," it added. DLF

The study found that the average taxable income reported by the bottom 10 per cent of households was more than 170 per cent of family wealth

For property bought as resident or inherited, up to $1 mn can be sent each year

Rental income of retail malls is expected to increase by 30 per cent in this financial year compared to the last year mainly driven by pent-up demand, vaccination cover and resumption of multiplexes

For individuals, the safe option is to offer rent as income from house property