GST & TDS Reports for Rental Income

Yes. MyProperty auto-calculates GST (CGST+SGST or IGST) on commercial property rent. You can set the GST percentage per lease. Invoices are generated with GST breakdowns, and you get a GST summary report filterable by date range and owner.

MyProperty tracks TDS (Tax Deducted at Source) per owner. You can set TDS percentages at the lease level or per individual owner. The system calculates expected TDS, tracks what has been received, and shows pending TDS — all in a dedicated TDS Summary report.

Yes. MyProperty generates GST summary reports and TDS tracking reports that are ready to share with your Chartered Accountant. Filter by date range, owner, or property to get exactly the data you need.

GST on residential rent depends on the tenant: If the tenant is a registered business (GST-registered entity), 18% GST applies on residential rent under reverse charge mechanism (from July 2022). If the tenant is an individual renting for personal use, no GST applies. MyProperty lets you configure GST settings per lease to handle both scenarios.

TDS on rent is calculated under Section 194I (10% for businesses if annual rent exceeds ₹2,40,000) or Section 194IB (5% for individuals if monthly rent exceeds ₹50,000). MyProperty automatically calculates the TDS amount per invoice based on the percentage you set, and tracks received vs pending TDS in a dedicated report.