Advance rent received in p.y.2017 - 18

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39 Points Posted on 24 July 2018
what will be tax treatment for advance rent received on house property under ITR please guide. thank you.
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On 24 July 2018 at 13:47 Report
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SEO Sai Gr. Hosp.
212450 Points Posted on 24 July 2018

It will be taxable in the year of its (rental) libility. In the year of receipt it is treated as advance only.

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On 24 July 2018 at 14:01

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