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of <h1>New Tax Rule: Arrears and Unrealised Rent Now Taxed as Income from House Property with 30% Deduction Allowed.</h1> Sections 25A, 25AA, and 25B of the Income-tax Act have been replaced with a new provision effective April 1, 2017. This new section addresses arrears of rent and unrealised rent received by an assessee. Such amounts are considered income from house property for the financial year they are received, regardless of property ownership. The total income includes these amounts under the 'Income from house property' category. Additionally, a deduction of thirty percent of the arrears or unrealised rent is allowed.
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