GST & TDS

Rent, GST and TDS — handled every month

Rental income carries paperwork that generic property software ignores: GST on commercial letting, TDS deducted by the tenant under 194-I, and co-owners who each need their share computed correctly. Property360 is built around that, not adapted to it.

  1. Once

    Record the lease, not the spreadsheet row

    A lease ties a tenant to a unit with its rent, escalation schedule, deposit and dates. Everything downstream — invoices, dues, reminders, the ledger — is generated from it, so the rent figure exists in one place rather than in twelve monthly copies that quietly diverge.

  2. Monthly

    Invoices generate themselves

    Each month the rent due is raised as an invoice with GST applied where the letting is commercial, and TDS accounted for where the tenant is required to deduct it under section 194-I. The PDF is emailed to the tenant. You approve; you do not assemble.

  3. Automatic

    Co-owners are paid their share, not an estimate

    A property can be held by several owners at declared percentages. Rent received is split on those percentages and tracked per owner as profit distribution, so a co-owner asking "what am I owed this year?" has an answer that does not require anyone to open a spreadsheet.

  4. Continuous

    The ledger stays reconciled

    Rent raised, rent received, adjustments, part payments and closures all post to a ledger. Your CA gets a reconciled position rather than a folder of PDFs and a WhatsApp thread.

What else it keeps track of

Escalations and extensions
Scheduled rent increases apply on their own date. Extensions, waivers and mid-term rent changes are recorded against the lease rather than replacing it, so the history survives.
Property tax (PTIN / GHMC)
Track PTIN against each property and keep tax status visible alongside the rent it earns.
Electricity accounts
Hold meter accounts per unit and keep bills against them, so a recharge dispute has a record behind it.
Construction costs
Track a build by milestone and expense category — cement, steel, labour — against budget, separately from rental operations.
Maintenance and vendors
Tickets against a unit, vendors against the work, so recurring problems become visible rather than anecdotal.
Backup to Google Sheets
A daily copy of your data in a spreadsheet you already own. Business continuity that does not depend on trusting us.

A word on tax

Property360 computes and records GST and TDS according to the rates and rules you configure for each lease. It is bookkeeping software, not a tax opinion — your CA remains the authority on what applies to your particular letting, and rates change.

Stop assembling invoices by hand

Set up your properties, units and leases once. The monthly cycle runs from there.

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