An assessee was allowed deduction of unrealized rent to the extent of Rs.40000 in a past year, although the unrealized rent claimed was Rs.60000.
Subsequently he has recovered Rs.45000 from the tenant.
What will be the taxable value??
Menu
Unrealized Rent recovered subsequently
Replies (4)
actual received
45000 to be charged to tax, IN the year of receipt
Yes agreed with Rama Krishnan
rupees 31500 will be taxable as income from house property in the year of receipt.
Recent Topics :
- Updating form 10-ee and Schedule FA if there is ch
- Sale of property in SLUM area ....SRA
- GST applicability on Shipping charges
- Outstanding Demand in Income Tax: How To Respond?
- LTCG on property sale
- Capital gains incidence due to bonus shares
- Amendment of Object Clause of Memorandum
- How Can I Request a Refund for an Accidental Airte
- TDS on salary paid in cash
- YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
Related Topics :
CAclubindia
