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of <h1>Arrears of rent are taxed as income from house property; 20% deduction allowed for repairs.</h1> The provision states that arrears of rent received are considered income from house property for the financial year in which they are received. These arrears are included in the total income under the head of income from house property, regardless of property ownership in that year. A deduction of 20% of the arrears is allowed for repair and maintenance of the property.
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