Easy Office
LCI Learning

Tax Liability on Recipient on receipt of Non-Refundable Rent

This query is : Resolved 

24 January 2020 Landlord Received Non-Refundable Rent Security from tenant (carrying Business) on which tenant deducted TDS.
Now my questions are: 1. when should be the Non-Refundable Rent charged in P & L of Tenant ?
2. In which year Non-Refundable Rent considered as income in the hands of Recipient ?

24 January 2020 1 Expense it over the period of rental agreement.
2 consider it as income in the year of receipt.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries