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Income from house property

What does the underlined sentence mean

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Sai Teja

Sai Teja

CA Foundation

12K+

03-Mar-21 18:44

24

Answers (2)

That means that Rs.10,000 was unrealised rent but only 7,000 was claimed as deduction, this year, the balance 3,000 can be claimed as deduction from the unrealised rent of Rs.8000 recovered this year. So the taxable unrealised rent recovered is Rs.5000 (8000-3000) and further standard deduction of 30% allowed from 5000


sudha reddy

sudha reddy

Moderator

04-Mar-21 13:06

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