Unrealize rent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 June 2013
please explain me concept unrealize rent.......i dont understand .please explain me in simple language
20 June 2013
Unrealised rent is the rent which is unable to recover by the house owner from the tenant in simple terms
under income tax the following conditions need to be satisfied for claiming unrealised rent
he unrealisable rent subject to satisfaction of conditions prescribed under Rule 4. Amount of unrealised rent shall be equal to the amount of rent payable but not paid by a tenant of the assessee and so proved to be lost and irrecoverable where,—
the tenancy is bona fide
the defaulting tenant has vacated, or steps have been taken to compel him to vacate the property
the defaulting tenant is not in occupation of any other property of the assessee
the assessee has taken all reasonable steps to institute legal proceedings for the recovery of the unpaid rent or satisfies the Assessing Officer that legal proceedings would be useless.
under income tax the following conditions need to be satisfied for claiming unrealised rent
he unrealisable rent subject to satisfaction of conditions prescribed under Rule 4. Amount of unrealised rent shall be equal to the amount of rent payable but not paid by a tenant of the assessee and so proved to be lost and irrecoverable where,—
the tenancy is bona fide
the defaulting tenant has vacated, or steps have been taken to compel him to vacate the property
the defaulting tenant is not in occupation of any other property of the assessee
the assessee has taken all reasonable steps to institute legal proceedings for the recovery of the unpaid rent or satisfies the Assessing Officer that legal proceedings would be useless.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- TAN for Partnership
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- Free lancer income
- What is provisional receipt number for generation of form 16A
- TDS related Query_Liquidated Damages
- LTCG for Assmt year 26-27
- NON- SUBMISSION OF LLP FORM 3
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
