Income under head house property ( unrealised rent )

Rs.60,000(300000-240000) has been taxed. So at later stage when the Assessee will recover that.It will be charged over the figure of Rs.60,000.

Why You have Subtracted `2,40,000 from `3,00,000 ??

As per Section 23(1)(c) of Income Tax Act, 1961 , we should take higher of Expected Rent and Actual Rent paid for charging tax under the head Income from House Property.

Ya rohit 3,00,000 will be taxed but what i am trying to tell is that Rs.60,000 is also taxed which the asseseee has actually not received.

Why `60,000 will be taxed ???

Assesee has received Rs.2,40,000 but he is taxed the amount Rs.3,00,000 as per the procedure. So he is charged Rs.60,000 more.And now club all the conversations.

Mihir I am not getting your views and suggestions properly...

But I have got answer for this query.. 

Click Here for appropriate answer --> /forum/details.asp?mod_id=222626&offset=1#.UGxAb5jMilE <-- Awesome Solution by Deepak Gupta Sir..

But still thanks for your answers !!

Thanks a lot to you also Rohit.

Seriously ,Awesome discussion!!!

I was even not knowing about the second Approach... But today feeling that its DIGESTED.

Even me and  none of my collegues are conversant with this matter. And I am very much impressed bcoz we both believe "IMAGINATION HAS TO FOLLOW KNOWLEDGE".