direct taxes
This query is : Resolved
23 July 2008
as per sec.25AA no deduction(30%) is allowed in respect of arrears of rent of previous years received in current year
as per sec.25B deduction(30%) is allowed in respect of arrears of rent of previous years received in current year
both sections are contradictory,which is correct
is deduction of 30% allowed if arrears of rent is received
as per sec.25B deduction(30%) is allowed in respect of arrears of rent of previous years received in current year
both sections are contradictory,which is correct
is deduction of 30% allowed if arrears of rent is received
S.Srinivasaraghavan
(Expert)
23 July 2008
25AA and 25B are not contradictory.
25AA is clarificatory that the unrealised rent is taxable in the year in which it was realised.
25B explains how the arrears of rent are to be computed for assessment.
25AA is clarificatory that the unrealised rent is taxable in the year in which it was realised.
25B explains how the arrears of rent are to be computed for assessment.
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
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- GSTR-9C filing
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Import Order Cancelled.
- IMS (import of goods) ITC related
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
