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What is the Special provision for cases where unrealised rent allowed as deduction is realised subsequently? Is Unrealised rent received subsequently to be charged to income-tax? Section 25A and 25AA of Income Tax Act 1961

Special provision for cases where unrealised rent allowed as deduction is realised subsequently and Unrealised rent received subsequently to be charged to income-tax are defined under section 25A and 25AA of Income Tax Act 1961. Provisions under these sections are:

Section 25A of Income Tax Act "Special provision for cases where unrealised rent allowed as deduction is realised subsequently"

25A. (1) The amount of arrears of rent received from a tenant or the unrealised rent realised subsequently from a tenant, as the case may be, by an assessee shall be deemed to be the income from house property in respect of the financial year in which such rent is received or realised, and shall be included in the total income of the assessee under the head "Income from house property", whether the assessee is the owner of the property or not in that financial year.

(2) A sum equal to thirty per cent of the arrears of rent or the unrealised rent referred to in sub-section (1) shall be allowed as deduction.

 

Section 25AA of Income Tax Act "Unrealised rent received subsequently to be charged to income-tax"

25AA. Unrealised rent received subsequently to be charged to income-tax.-Where the assessee cannot realise rent from a property let to a tenant and subsequently the assessee has rea­lised any amount in respect of such rent, the amount so realised shall be deemed to be income chargeable under the head "Income from house property" and accordingly charged to income-tax as the income of that previous year in which such rent is realised whether or not the assessee is the owner of that property in that previous year..

 

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