This discussion addresses whether a company must account for rent receivable from the government, even if it hasn't been received. It explores the tax liability for non-receipt and suggests offering the rent to tax while simultaneously claiming a deduction for the unrealised amount as a potential solution.
01 July 2025
Whether company has to show in its accounts for the rent as rent receivable for the rent amount not received from the Government . In such case Company is liable to pay tax for non receipt of rent during the year. What will be the alternative?