house property
This query is : Resolved
Hardeep Singh
(Querist)
07 February 2011
can u properly make me understand that how to calculate deemed income of unrealised rent u/s 25A and 25AA & of course of 25B
11 February 2011
Section 25A is abolished and New section inserted on behalf of that,i.e., section 25AA, this says that any unrealised rent received in any other year will be taxable in the hands of the receiver/assessee which was exempt earlier or any previous related year.
section 25B is related to arrears, which says that amount received as arrears will be taxable. Arrears means says if rent increased by Rs. 1,000 but from Aug'2010 and this is feb'2011 then rent received for from aug'2010 to feb'2011 means 7 months will be arrears and taxable in the hands of assessee after 30% deduction.
Regards!!!
section 25B is related to arrears, which says that amount received as arrears will be taxable. Arrears means says if rent increased by Rs. 1,000 but from Aug'2010 and this is feb'2011 then rent received for from aug'2010 to feb'2011 means 7 months will be arrears and taxable in the hands of assessee after 30% deduction.
Regards!!!
Message likes :
1 times
Hardeep Singh
(Querist)
12 February 2011
sir i'm confused with the disallowed amount of unrealised rent and taxability
sir please give an example.
sir please give an example.
14 February 2011
See Sir,
Section 25AA says that, amount which has not been taxed earlier will be taxable, hence this amount will be disallowed for exemption purpose.
e.g., Mr. A had unrealised rent in the year of 2004-05 of Rs. 7,000 but only Rs. 5,000 has been exempted as per IT officials permission. Now, Mr. A receives Rs. 7,000 from his tenant in the year of 2010-11 but this time only Rs. 5,000 will be taxable means disallowed for exemption and Rs 2,000 will be exempt in the hands of Mr. A. This is because Mr. A had pay tax on Rs. 2,000 in the year of 2004-05 when this amount not exempted by IT officers.
Regards!!!
Section 25AA says that, amount which has not been taxed earlier will be taxable, hence this amount will be disallowed for exemption purpose.
e.g., Mr. A had unrealised rent in the year of 2004-05 of Rs. 7,000 but only Rs. 5,000 has been exempted as per IT officials permission. Now, Mr. A receives Rs. 7,000 from his tenant in the year of 2010-11 but this time only Rs. 5,000 will be taxable means disallowed for exemption and Rs 2,000 will be exempt in the hands of Mr. A. This is because Mr. A had pay tax on Rs. 2,000 in the year of 2004-05 when this amount not exempted by IT officers.
Regards!!!
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Accounting treatment of AMC alongwith the purchase of Laptop
- Capital Gail Exemption Certificate
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- 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
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- 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?
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
