alexa

Search in Indianmoney's WealthPedia

User
What is the tax treatment of arrears of rent?

By IndianMoney , 5 months ago

The amount received on account of arrears of rent and is not taxed earlier will be taxable after deducting 30% of the total amount. It is charged to tax in the year rent is received. Irrespective of the property's ownership, the taxpayer will be charged this amount during the year of receipt.

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
CIBIL Meter
Attention!

This is to inform that Suvision Holdings Pvt Ltd ("IndianMoney.com") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.