Disputed Rental income
This query is : Resolved
06 February 2021
I have a pending SLP before supreme court, it regarding my shop , developer was paying me a rental income every month but he discontinued since 2017 due to dispute.
Now if I win the case , will get rental income from 2017 till date , my query is how to account and file income tax on that as of now or should I wait till the outcome but that will lead to a huge receipt in a single year
Now if I win the case , will get rental income from 2017 till date , my query is how to account and file income tax on that as of now or should I wait till the outcome but that will lead to a huge receipt in a single year
07 February 2021
Yes, you have to wait till the outcome.
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