Re:France plans to close tax loophole benefiting Airbnb
by 2Gkashmiri on Friday June 09, 2023 @12:28PM
(#36260255)
in india, if you are owing a second or third home, you can deduct 1/3 of the income as "expense" flat. its auto calculated so you don't even have to claim it or can claim more than that.
if you are a business, (as opposed to individual owned) (a guest house or bnb or whatever), you are treated as a normal business so on all incomes you can claim expenses which you have actually paid.
this is a stupid rule to let businesses treat their business as "home" and then claim flat rate expenses (why did nobody think of fixing this till now?)
if you are a business, (as opposed to individual owned) (a guest house or bnb or whatever), you are treated as a normal business so on all incomes you can claim expenses which you have actually paid.
this is a stupid rule to let businesses treat their business as "home" and then claim flat rate expenses (why did nobody think of fixing this till now?)