Arrears of Rent Standard Deduction

Direct Taxation

Arrears of Rental Income of FY 2019-20, received in FY 2020-21 Standard deduction 30% can be availed in FY 2020-21 ?

Veera V

CA Final

★ 0

23-Nov-21 01:23

527

Answers (1)

A sum equal to thirty per cent of the arrears of rent or the unrealised rent shall be allowed as deduction.

Yoga Vishnu

CA Final

★ 11K+

23-Nov-21 10:37