https://www.taxtmi.com/acts?id=49642 Arrears of rent received that were not previously charged to tax are deemed to be income under the head Income from House Property in the year of receipt. One fourth of such arrears is deductible for repairs and collection of rent, and the balance is chargeable to income-tax as that previous year's income, irrespective of whether the assessee is owner of the property in the year of receipt. en-us Mon, 24 Feb 2025 14:43:12 +0530 Mon, 24 Feb 2025 14:43:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49642 Arrears of rent received that were not previously charged to tax are deemed to be income under the head Income from House Property in the year of receipt. One fourth of such arrears is deductible for repairs and collection of rent, and the balance is chargeable to income-tax as that previous year's income, irrespective of whether the assessee is owner of the property in the year of receipt. Act-Rules F. Acts / Amendment Acts Mon, 24 Feb 2025 14:43:12 +0530 https://www.taxtmi.com/acts?id=49642