Unrealised rent realised later treated as house property income and taxed in the year of receipt. Any amount realised subsequently in respect of rent previously not realised from a let property shall be deemed income chargeable under the head 'Income from house property' and charged to tax as the income of the previous year in which such rent is realised, whether or not the assessee is the owner of that property in that previous year.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Unrealised rent realised later treated as house property income and taxed in the year of receipt.
Any amount realised subsequently in respect of rent previously not realised from a let property shall be deemed income chargeable under the head "Income from house property" and charged to tax as the income of the previous year in which such rent is realised, whether or not the assessee is the owner of that property in that previous year.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.