Tax credit for TDS on advance rent: apportioned across assessment years or allowed upon agreement termination or transfer. Credit for tax deducted at source on advance rent must be allowed to the person on whose behalf TDS was deducted and to whom the TDS certificate was issued: apportioned across assessment years in the same proportions as rental income is offered to tax when advance covers multiple years; and the uncredited balance shall be allowed in the assessment year in which the rent agreement is terminated or the property is transferred and the balance advance refunded.
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.
Tax credit for TDS on advance rent: apportioned across assessment years or allowed upon agreement termination or transfer.
Credit for tax deducted at source on advance rent must be allowed to the person on whose behalf TDS was deducted and to whom the TDS certificate was issued: apportioned across assessment years in the same proportions as rental income is offered to tax when advance covers multiple years; and the uncredited balance shall be allowed in the assessment year in which the rent agreement is terminated or the property is transferred and the balance advance refunded.
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