Unrealised rent deemed income from house property when realised, taxable in the year of receipt. Where rent previously irrecoverable from a tenant is subsequently realised, the amount realised is deemed to be income chargeable under the head Income ... Summary
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Unrealised rent deemed income from house property when realised, taxable in the year of receipt.
Where rent previously irrecoverable from a tenant is subsequently realised, the amount realised is deemed to be income chargeable under the head Income from house property and is taxed as income of the previous year in which it is realised, whether or not the assessee is the owner of the property in that year.
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