Arrears of rent treated as house property income when received, with a statutory deduction allowed.

Arrears of rent or unrealised rent realised subsequently shall be deemed to be income from house property in the tax year in which such rent is received or realised and shall be included in total income under the head "Income from house property", whether the assessee is the owner or not in that tax year; a sum equal to thirty percent of such arrears or unrealised rent shall be allowed as deduction.

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