Thursday 25 May 2017

PG in Surat: includes accessories and services

FIRST CATEGORY - CASES OF LEASE, SUBARRENDATION AND ASSIGNMENT OF USE FOR FREE TITLE
Definition: First-class rents are considered as rents produced by the lease, sublease and assignment of goods, whether for a consideration or free of charge.
Assumptions: Article 23 of the Income Tax Law lists the assumptions that generate first-class income. These are:
Lease that includes accessories and services: This assumption implies a lease that may include cable service, telephony, Internet, building maintenance, electricity or water service; Among the accessories we can find; Air conditioning, parking, among others.
Example: A lease is celebrated whose rent includes internet service. The tax payable includes the rent including the service provided.

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