This discussion addresses a query regarding the declaration of rental income for the financial year 2020-21. The user previously declared rental income of Rs. 72,000 for FY 2019-20 but received none in FY 2020-21 due to a vacant commercial property. The conversation seeks guidance on how to accurately report this on the Income Tax Return for the current year.
03 December 2021
Sir Last year FY 2019-20 the rental income of Rs. 72000/- annual received on shop (commercial) property and the above amount shown in Income Tax Return FY 2019-20 This year i.e FY 2020-21 no rental income received due to vacant shop. Please advise how many amount of rental income in Income tax Return of FY 2020-21 Thanks Dharam Pal 9810600330