Where the assessee cannot realise rent from a property let to a tenant and subsequently the assessee has realised any amount in respect of such rent, the amount so realised shall be deemed to be income chargeable under the head “Income from house property” and accordingly charged to income-tax as the income of that previous year in which such rent is realised whether or not the assessee is the owner of that property in that previous year.’.
actully there is difference between section 25A and 25AA.
under section 25A it is mentioned that no standard deduction and interest on capital will be allowed as deduction, but under section 25AA, there no mention of it that no standard deductin and interest on capital will be allowed as deduction. Its so in singhania book.
Unrealised rent of PY 2001-02 or in any coming year is recieved in subsequent year(say inPY 2009-10) such realised amount should be added to that years Income from House Property even though assessee is not the owner of that property. Such unrealised rent is to be deducted from annual rent in the year in which rent is unrealised. But the question arises when the rent received/recievable after deducting unrealised rent is lower than expected rent in year in which rent is unrealised. Because if you add realised rent to Income from house property in year in which rent is realised that traetement is wrong. In such case anual value is to be recalculated and original gross annual value is to be deducted from recomputed gross annual value, balance is to be added to Income from house property for the AS year in which rent is realised. I hope your doubt is cleared.