The accommodation & real-estate renting sector makes a significant contribution to the Indian economy. Apart from infrastructure development, it generates numerous business & employment opportunities. However, the onset of pandemic left the sector grappling with people leaving to their hometowns and properties left vacant. The sector was now on the verge of recovery with many co-livings, property owners offering competitive pricing to bring back the tenants. However, uncertainty in the tax structure and continuous tweaking is another big concern and a talking point of dispute between the landowners and tenants with both parties looking to safeguard its position.
Source Taxguru
