Menu
house property
what is the treatment of outstanding rent u/HP
Replies (9)
Same is deducted while calculating actual rent....
Yes I agreed to CA Rashmi Gandhi,
Rental is calculated per month. After complete the month also the Rent is calculated this is Actual Rent...
Total (12) months rent is calculated as rental income...
Rental is calculated per month. After complete the month also the Rent is calculated this is Actual Rent...
Total (12) months rent is calculated as rental income...
it's treated as unrealized rent
and when it's received take 30% standard deduction and taxable amt clubbed in that year House property income to find net taxable income from HP
not to be considered while calculating rent received and 30% deduction on the same can be claimed when realized and clubbed with the income of that year under the head house property
From this A.Y. 30% deduction allowed on unrealized rent also
But Rashmi mam. I think that Income from house property is taxable on the basis of due or receipt,whichever is earlier....
Yes... But unrealised rent is taxable on receipt basisi.
But mam original question asked by Mr
Parvin is on outstanding rent ......
Parvin is on outstanding rent ......
Recent Topic
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
Related Topics
CAclubindia
