income from house property
This query is : Resolved
09 November 2008
Hi
What is the basic difference between arrears of rent as covered by sec 25B and unrealised rent reffered to in sec 25AA of income tax act
Further when sec 25A is applicable and when sec 25AA.i have read both but both sounds akin
Thanks in advance
What is the basic difference between arrears of rent as covered by sec 25B and unrealised rent reffered to in sec 25AA of income tax act
Further when sec 25A is applicable and when sec 25AA.i have read both but both sounds akin
Thanks in advance
10 November 2008
I think this question has been answered already by me. 25B refers to delayed receipt of rent from existing tenant.
25AA contemplates collection of rent which was not to be on account of the refusal of the tenant to pay and subsequently accepted by him or rent that could not be realised owing to the tenant leaving the tenancy without paying, but subsequently accepted and paid.
25AA contemplates collection of rent which was not to be on account of the refusal of the tenant to pay and subsequently accepted by him or rent that could not be realised owing to the tenant leaving the tenancy without paying, but subsequently accepted and paid.
10 November 2008
Sir what about second part of my query
10 November 2008
25A is coming into operation when unrealised rent is realised and how to treat is as income when the property is continued to be owned by the assessee. 25AA is inoperation even when the assessee ceased to be owner of the property in question.
10 November 2008
Thanks Sir
But if that was the case why in Sec 25A it is given 'whether the assessee is the owner of that property in that year or not'
But if that was the case why in Sec 25A it is given 'whether the assessee is the owner of that property in that year or not'
10 November 2008
The unrealised rent would have been deducted in the previous year when the present owner might not have been the owner.
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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Sales return eway bill
- REGARDING GST LIABILITY/....
- Suggestions required for income tax filing-software (FY 2025-26)
- Loan by Partnership Firm
- E way bill for tractors
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
