Unrealised Rent - Income from House Property

What happened in case of unrealized rent a part deduction is allowed and in the current year got an amount as recovery of unrealized rent. In the illustrations from house property chapter it's just taken as sach amount recovered less 30 % standard deduction . That is 70 percentage of unrealized rent taken for computing house property income. Is the method correct or can we deduct the income which has already paid tax during any of the previous year without getting unrealised rent deduction Illustration 3 In illustration 3 rupees unrealised rent received rupees 10500 fully taken for computing and realise rent and a reduction given the percentage. I.e, 70 % of such amount rupees 7350 added with income from house property for the current year instead of girls can we claim an exemption of rupees 6000 which has already paid in in year Then pay tax on balance 4500 and clean my direction at the rate of 30 % as standard deduction Also Illustration 4 Unrealized rent recovered rupees 8000 (the interior is the rent of real amount to rupees 10,000 but deduction claimed so far was only for rupees 7000) Can we adjust rupees 3000 on 8000 and pay tax on 5000 rupees as unrealized rent for the current year and claim and deduction of 30 % That is 70 percentage of 5000 amounting to 3500

Gayathri K V

CA Inter

★ 12K+

31-Mar-21 13:45

750