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CA.Pravinchandra

Executive (F&A)

1151 Points Posted on 02 September 2010

1) If a Company issues Shares or Debenture at discount and Redeems it, at premium after 10 years then the difference is treated as Long term Capital Loss..?

2) How to recognise the applicability of Sec 25B or 25AA ?

( i.e Difference between Arrears of Rent and Unrealised Rent).

Thank You.

Replies (3)

madhur gupta

student/article

539 Points Posted on 02 September 2010

Arrear of rent means when rent is increased retrospectivly from pat years and that is received unrealized rent is one which was disputed one

Sunshine

Helping All

6366 Points Posted on 02 September 2010

suppose u are getting a rent of 10000 p.m nd u demand a rent of 20000 pm nd ur tenant is not ready to pay it..u get into a dispute nd after 5 yrs u win the dispute nd get rent as 20000 pm for past 5 yrs...this difference of 10000 p.m u will recieve as arrears of rent nd will be taxable in the year in which it is recieved u/s 25 B....deduction u/s 24 A can be claimed as well.....

unrealised rent received will be taxable u/s 25 AA.....if it fulfilled the conditions at the time it was unrealised....i.e the tenant must have left,tenancy must be bonafide.,he shoud not have occupied any other house of the assessee nd all procedure regarding collection of rent have been fulfilled,......