TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 25B on tax treatment of rent arrears with 30% deduction removed effective 1 April 2017</h1> Section 25B originally provided a special rule for arrears of rent: where a property owner received rent arrears not previously charged to tax, the amount received-after allowing a flat deduction of 30%-was treated as income from house property and taxed in the year of receipt, regardless of ownership in that year. The provision was inserted in 2000, amended in 2001, and subsequently omitted effective 1 April 2017, so it no longer applies.
TaxTMI 
TaxTMI 
