Special provision for arrears of rent: arrears taxed as income from house property in year of receipt.

Arrears of rent received that were not previously charged to tax are deemed to be income under the head Income from House Property in the year of receipt. One fourth of such arrears is deductible for repairs and collection of rent, and the balance is chargeable to income-tax as that previous year's income, irrespective of whether the assessee is owner of the property in the year of receipt.

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