House Property
This query is : Resolved
Nirpendra Singh
(Querist)
06 June 2011
Please tell me rent received in advance for the next year is taxable in current F. Y. or in next year to which it relates.
plz give ref of case laws or circular if available.
plz give ref of case laws or circular if available.
CA MANOJ GUPTA
(Expert)
06 June 2011
THE ANSWER IS GIVEN BY SECTION 23
THE ADVANCE RENT IS TAXABLE IN THE YEAR OF RECEIPT
CA MANOJ GUPTA
JODHPUR
09828510543
THE ADVANCE RENT IS TAXABLE IN THE YEAR OF RECEIPT
CA MANOJ GUPTA
JODHPUR
09828510543
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