Arrear of rent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 October 2011
Dear Sir
We recived the incremental rent from 01-10-2010 to 31-03-2011 in September 2011, It was also decided in Sept 11.
So Should be consider current year service and pay tax as current year Rent or we need to pay Interest.
As per my opinion it is considered in current year rent and calculate in Current year tournover. Please give your valuable advice.
Regards
kamal
We recived the incremental rent from 01-10-2010 to 31-03-2011 in September 2011, It was also decided in Sept 11.
So Should be consider current year service and pay tax as current year Rent or we need to pay Interest.
As per my opinion it is considered in current year rent and calculate in Current year tournover. Please give your valuable advice.
Regards
kamal
03 October 2011
According to me its related to last year so tax liability will calculate as last year.
Please wait for others view....
Please wait for others view....
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