As a result of this provision of the law, it is clear that the law realises the concept of actual income when the investor actually has not received the rent for a particular period because there is no logic of taxing such rental income which in fact has not been received by the tax payer.
Thus, it is only the rent which is actually received by you which would be subjected to tax while computing your income from house property and not that portion of the rental income which has actually not been received by you. |