Taxation of arrears of rent: subsequently received arrears treated as house property income when realised, with a specified deduction allowed.

Arrears of rent and unrealised rent realised subsequently are deemed to be income from house property in the tax year in which they are received or realised and must be included in total income under the head Income from House Property irrespective of the assessee's ownership; a deduction equal to thirty percent of such arrears or unrealised rent is allowable.

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