Booking of Rent income for F.Y. 2019-20

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A client was unable to receive a rent cheque before the end of the financial year 2019-20 due to the lockdown. The tenant is now willing to provide a cheque dated 31.07.2020. The query asks if this rent income can be recognised in the 2019-20 financial year by preparing a bill dated 31.03.2020, even though the payment is received later, considering TDS implications.

DIVYESH JAIN

DIVYESH JAIN (Querist)
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08 August 2020 Dear Sir,

One of my client used to show rent income received every year in his books of accounts.

But this year due to lockdown he was not able to take the cheque from the tenant before 31.03.2020. The tenant is now ready to give the cheque but the date of cheque is 31.07.2020.

Can this income be shown as a BRS entry in FY 2019-20 by preparing the bill for rent received on 31.03.2020 and amount received date as 31.07.2020. TDS is also applicable on this rent.

Please help me in this matter.

Regards,
Divyesh Jain