Dear All,
Can some one throw some light on PG Accommodation and PG Business? I'm basically looking for following clarifications:
1. Whether income from PG is taxable as Income from House Property?
2. Whether Service Tax can be charged from the Guests staying there?
3. Can Rent Agreements be made making the Lessee as Paying Guest and the term as "unless terminated by either party" and register the Agreement?
4. Any minimal charges of Rent applicable to collect from PGs? OR Rent Control Act of that region and circle be applicable for this kind of stay and business?
5. Can Rules followed by Hostel can be followed by PG Owners also?
6. In case of dispute, which law and Court shall be applicable?
