Unrealised rent rules set conditions for treating unpaid house property rent as lost and irrecoverable. Unrealised rent for income from house property means the rent payable but not paid by a tenant, where it is proved to be lost and irrecoverable. The rule ... Summary
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Unrealised rent rules set conditions for treating unpaid house property rent as lost and irrecoverable.
Unrealised rent for income from house property means the rent payable but not paid by a tenant, where it is proved to be lost and irrecoverable. The rule applies only if the tenancy is bona fide, the tenant has vacated or steps have been taken to compel vacation, the tenant is not occupying any other property of the assessee, and reasonable steps for recovery have been taken or legal proceedings would be useless.
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