IFHP
This query is : Resolved
18 May 2009
I would like to know , what exactly is the difference between unrealised rent and arrears of rent, because in normal parlance i understand it as one and the same nut it makes a difference from tax point of view.
19 May 2009
unrealised rent- the rent you havnot recieved from the tenant. eg the rent is 5000/- permonth and you have recieved 50000/- for a financial year then rs. 10000/- would be unrealised rent.
Arrears of rent-suppose the rent was 5000/- per month and you have recieved it for the year. but you have changed the rent with retrospective effect say rs. 6000/- per month. Now when you recieve this 12000/- (being 12 months X 1000/-) it will be called arrears of rent.
Arrears of rent-suppose the rent was 5000/- per month and you have recieved it for the year. but you have changed the rent with retrospective effect say rs. 6000/- per month. Now when you recieve this 12000/- (being 12 months X 1000/-) it will be called arrears of rent.
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