Taxation-income from house property
This query is : Resolved
08 February 2014
X owns a house property which is given on rent. for the previous year 2001-2002,he claims a deduction of Rs.78000.On account of unrealised rent,out of which AO allows only 62000 as deduction.What are the tax consequences if X recovers on june 19,2012 from the defaulting tetant.
(a)Rs.10000 (b)Rs.16000 (c)Rs.35000 as full final payment.
SIR/MADAM KINDLY PROVIDE SOLUTION FOR THIS QUESTION.
THANK YOU.
(a)Rs.10000 (b)Rs.16000 (c)Rs.35000 as full final payment.
SIR/MADAM KINDLY PROVIDE SOLUTION FOR THIS QUESTION.
THANK YOU.
09 February 2014
assuming that in all the cases the amount is the full and final payment, the above recoveries would result in the following:
(a) loss of Rs 6000
(b) No taxable income or loss
(c) 19000 taxable income
(a) loss of Rs 6000
(b) No taxable income or loss
(c) 19000 taxable income
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09 February 2014
Thank you so much sir
09 February 2014
Thank you so much sir
09 February 2014
You are welcome viola..
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