Home > Income Tax > House Property > Arrears of Rent Received – Section 25B

Arrears of Rent Received – Section 25B

From financial year 2016-17 section 25B is merged into section 25A.

Provisions till financial year 2015-16

If an assesse receives any amount on account of arrears of rent which is not charged to tax in any previous years, then the amount so received after deducting 30% as standard deduction under section 24a is taxable in the year of receipt.

Such amount is taxable whether the assesse is the owner of the that property in the year of receipt  or not.


TaxAdda Assistant - Chrome Extension for Easy Working on GST Portal

It will automate 3 works on GST portal for you
  1. Auto-fill payment page in GST portal and calculate adjustments and cash payment required. 
  2. Copy tax payable details and paste it in email or skpye for sending to clients.
  3. Auto fill challan with the amount of GST payable.
Download from Chrome Webstore  (Free Till 31st January 2018)

Remain Updated with GST & Income Tax
Join 20K subscribers