RENT OS RS 60000 FOR THE PERIOD 1.4.05 TO 30.6.05 DUE TILL THE PROPERTY SOLD OUT BY THE OWNER ON 16.5.07 WAS RECEIVED ON 12.2.08 BECAUSE OF AN ORDER OF COURT.
IS IT CHARGEABLE TO TAX FOR A.Y 2008-09.
Menu
CHARGEABLE TO TAX
Replies (1)
It is treated as recovery of unrealised rent as per section 25AA and same is taxable as per IT ACT and no deduction is allowed for expenses.
Recent Topic
- Calculation of IT
- CA FINAL FR IndAS 33 Doubt(Corrected)
- Clarification Needed: Reporting Accrued vs Paid FD
- TDS on prize given to participants in Livestock sh
- TDS related matter - 194 IA
- Research: How do CA firms handle GSTR-2B reconcili
- CA FINAL FR IndAS 33 Illustrtion 14
- Taxation on Sale of old Jewellery Received at Marr
- ITR-3 Filling issues
- PF withdrawal and tax liability
Related Topics
CAclubindia
