Clause 11 - Substitution of new section for sections 25A, 25AA and 25B.- Special provision for arrears of rent and unrealised rent received subsequently.
Finance Bill, 2016 Chapter III DIRECT TAXES
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Arrears of rent treated as income from house property, with a fixed percentage deduction allowed upon receipt. Amount of rent received in arrears and unrealised rent realised subsequently shall be deemed income from house property in the financial year of receipt or realisation and included in total income, irrespective of ownership in that year; thirty per cent of such arrears or realised unrealised rent shall be allowed as a deduction.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Arrears of rent treated as income from house property, with a fixed percentage deduction allowed upon receipt.
Amount of rent received in arrears and unrealised rent realised subsequently shall be deemed income from house property in the financial year of receipt or realisation and included in total income, irrespective of ownership in that year; thirty per cent of such arrears or realised unrealised rent shall be allowed as a deduction.
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