Income from house property treatment for arrears of rent and unrealised rent received later, with a standard deduction.

Arrears of rent and unrealised rent received subsequently are treated as income from house property on a receipt basis. Any amount received as arrears of rent from a tenant, or unrealised rent realised later, is deemed taxable in the year of receipt or realisation, even if the assessee is not the owner of the property in that year. A standard deduction equal to 30% of the arrears of rent or unrealised rent is allowable.

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