Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Unrealised Rent Defined Under Income-tax Rules, 1962: Conditions for Bona Fide Tenancy and Recovery Efforts Explained.</h1> Under the Income-tax Rules, 1962, particularly Rule 4 concerning income from house property, unrealised rent is defined as rent payable but not received by the property owner. For rent to be considered unrealised, the tenancy must be bona fide, the tenant must have vacated or be in the process of being evicted, the tenant should not occupy any other property of the owner, and the owner must have taken reasonable legal steps to recover the rent or demonstrate to the Assessing Officer that legal action would be futile.