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"Taxation Of Arrears Of Rent In The Year Of Receipt”


If any arrears of rent other than what has already been taxed under Section 23, are received in a subsequent year, the same would be taxed in the year of receipt, whether property is owned by the assessee in the year of receipt or not.


However, a deduction of a sum equal to 30% of such amount of rent would be allowed towards expenses.

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