Waiver of rent-accouning treatment
This query is : Resolved
21 December 2012
I WOULD LIKE TO KNOW WHETHER RENT WAIVED IS TO TREATED AS EXPENSE OR INCOME IS TO BE REDUCED.
kINDLY EXPLAIN IN DETAIL.
kINDLY EXPLAIN IN DETAIL.
22 December 2012
dear friend,
pls check that my assumption are correct.
1. The rental income was taken under Income from House property.
If it is yes,
than deemed income will come into picture, so question of waiver doesnt arises
pls check that my assumption are correct.
1. The rental income was taken under Income from House property.
If it is yes,
than deemed income will come into picture, so question of waiver doesnt arises
Message likes :
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22 December 2012
DEAR SIR,
I WAS REFERRING TO RENT FROM COMMERCIAL PROPERTIES FOR COMMERCIAL PURPOSES....SUCH AS RENT PAID BY SHOPS IN MALLS...
WHAT SHOULD BE THE TREATMENT IN THE BOOKS OF MALL OWNER.......IF A PORTION OF THEIR RENT IS WAIVED BY THE MALL OWNER
I WAS REFERRING TO RENT FROM COMMERCIAL PROPERTIES FOR COMMERCIAL PURPOSES....SUCH AS RENT PAID BY SHOPS IN MALLS...
WHAT SHOULD BE THE TREATMENT IN THE BOOKS OF MALL OWNER.......IF A PORTION OF THEIR RENT IS WAIVED BY THE MALL OWNER
13 August 2023
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