If A has a property leased to a company which pays rent after deducting TDS.
Scenario:
In the Financial year 2023-24
The property was sealed by MCD for misuse in October 2023.
But the lease is intact and ongoing.
Tenant paid rent for 7 months starting April 2023 to October 2023.
But did not pay rent for Nov 2023 to March 2024.
And the owner had to pay conversion charges in form of penalty to the tune of 1,00,000/- to the MCD and the property is under the process of deasealing.
Now for the AY 2024-2025 can the owner claim these losses.
1. The rental loss due to nonpayment by tenant in this scenario of sealing.
2. The amount paid to MCD.
If yes then, how and what all documents needed.
Thanks in advance
CAclubindia
