Rent

This query is : Resolved 

22 January 2010 in section 30 word used is rent 'paid'

is accrued rent will be allowed in the same year in which it is accrued or in the year in which it is paid.

22 January 2010 Dear Akhil

Paid words means method of accouting applied by the assessee.

if assessee adopts merchentile method of accounting, paid means accrued ( Whether paid or not)

22 January 2010 Based on the Accounting system of the Assessee


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