Arrears of rent from house property were taxed on receipt, after a standard deduction, under the former provision. Former Section 25B dealt with arrears of rent from house property. Rent arrears received by an owner from let property were deemed income from house ... Summary
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Arrears of rent from house property were taxed on receipt, after a standard deduction, under the former provision.
Former Section 25B dealt with arrears of rent from house property. Rent arrears received by an owner from let property were deemed income from house property in the year of receipt, after a deduction of thirty per cent, and the charge applied even if ownership had changed. The provision was later omitted, with the text noting its earlier insertion, substitution, and omission.
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