income frm house property
This query is : Resolved
18 March 2011
wat is the basic difference between unrealised rent n arrears of rent
19 March 2011
Arrears of rent - It means that rent pertaining to prior years received in the current year. It could be due to reasons like "Increase in rent with retrospective effect"
Unrealized Rent - That u couldn't realize the Rent from ur tenant for reasons like absconding of tenant or any other reason..
Taxability :-
Section 25AA.
30% deduction is not allowed for unrealised rent, now received for which u excluded from GAV earlier.
However, for arrears of rent, the 30% deduction can be claimed U/s 25B.
Unrealized Rent - That u couldn't realize the Rent from ur tenant for reasons like absconding of tenant or any other reason..
Taxability :-
Section 25AA.
30% deduction is not allowed for unrealised rent, now received for which u excluded from GAV earlier.
However, for arrears of rent, the 30% deduction can be claimed U/s 25B.
19 March 2011
Unrealise rent:_
Means the Rent which not able to realised by the landlord due to the default by the Tenant.
Subsequet realisation
It will be allowed a standard deduction of 30 % at the time of actual realisation.
Arrears Of rent
Means the increse in rent which may either as per Agreement or sudden increment and which is pending to realise from the tenant.
Taxability
Standard deduction can also be calimed if the arrears is received later years
Means the Rent which not able to realised by the landlord due to the default by the Tenant.
Subsequet realisation
It will be allowed a standard deduction of 30 % at the time of actual realisation.
Arrears Of rent
Means the increse in rent which may either as per Agreement or sudden increment and which is pending to realise from the tenant.
Taxability
Standard deduction can also be calimed if the arrears is received later years
19 March 2011
thank you
24 March 2011
Hi,
Agreed with the above Experts
Regards
CA. Lohith. J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons
Agreed with the above Experts
Regards
CA. Lohith. J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons
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