Respected Sir /Madam
Deemed to be let out shop I have taken Rent Rs. 84000 for A. Y. 2022-23.
Please guide me in profit & loss A/c
Above rent is only deemed not actually received then profit & Loss A/c is credited by Rs 84000 or credited by Rs Zero (0)
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Deemed to be let out shop Rent
Replies (3)
There will no entry in profit and loss account. This genuine difference will stay between income tax and Financials which is perfectly fine.
If it is deemed and not actually received there are other issues.
Thanks for kind reply.
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