Accounting for Rent
This query is : Resolved
16 December 2010
Sir/Madam
I have a doubt in accounting for rent receivable in the books of account of the landlord in case there is conflict between the landlord and the tenant. The agreement is renewed due to this conflict. Ex
Mr. A is landlord who maintains the books of account on accrual basis. Mr.X is a tenanat who is paynig rent as per the old agreement. The new rent as per landlord's discrtion is Rs.25000/- but the tenant is paying only Rs.20000/- as per old agreement.
The agreement is expired. The tenant has not vacated the premises.
I have a doubt in accounting for rent receivable in the books of account of the landlord in case there is conflict between the landlord and the tenant. The agreement is renewed due to this conflict. Ex
Mr. A is landlord who maintains the books of account on accrual basis. Mr.X is a tenanat who is paynig rent as per the old agreement. The new rent as per landlord's discrtion is Rs.25000/- but the tenant is paying only Rs.20000/- as per old agreement.
The agreement is expired. The tenant has not vacated the premises.
16 December 2010
it is truly practical case i think in this case is pending in judiciary.
before the judiciary decision come in favour of Tenant/Landlord both are free to book income/expense as per old/new agreement.
when judiciary decision comes rectification may be done.
before the judiciary decision come in favour of Tenant/Landlord both are free to book income/expense as per old/new agreement.
when judiciary decision comes rectification may be done.
Message likes :
1 times
16 December 2010
Thank You Sir
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is any professional CA is here please reply
- Reopen of assessment proceeding
- Rental income gst and it purpose
- Experts need help
- EPF FULL & FINAL RULES IN 2026
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Putting a heading on received mail
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
