House property

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VInish Singhal

VInish Singhal (Querist)
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17 October 2013 treatment of unrealised rent received subsequently.

Sanket

Sanket (Expert)
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17 October 2013 Unrealised rent of PY 2001- 02 or in any
coming year is recieved in subsequent year( say
inPY 2009 - 10) such realised amount should be
added to that years Income from House
Property even though assessee is not the
owner of that property . Such unrealised rent is
to be deducted from annual rent in the year in
which rent is unrealised. But the question
arises when the rent received/recievable after
deducting unrealised rent is lower than
expected rent in year in which rent is
unrealised. Because if you add realised rent to
Income from house property in year in which
rent is realised that traetement is wrong . In
such case anual value is to be
recalculated and original gross annual value
is to be deducted from recomputed gross
annual value , balance is to be added to Income
from house property for the AS year in which
rent is realised . I hope your doubt is cleared.

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