Home > Income Tax > House Property > Unrealised Rent and Arrears of Rent – Section 25A

Unrealised Rent and Arrears of Rent – Section 25A

From Financial year 2016-17, section 25AA and 25B has been merged into section 25A.

As per new provisions the amount of rent received in arrears the amount of unrealised rent realised subsequently by an assessee shall be charged to income tax in the financial year in which such rent is received or realised, whether the assessess is the owner of the property or not in that financial year. Also thirty percent of the arrears of rent or unrealised rent realised subsequently by the assessee shall be allowed as deduction.

close-link
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) or Know More

close-link
Remain Updated with GST & Income Tax
Join 20K subscribers