banner_ad

unrealized rent - house property

This query is : Resolved 
Profile Image

Profile Image

(Querist)
22 September 2008 sirs,
while calculating income from house property,in the process of finding gross annual value we deduct unrealised rent from actual rent. Can unrealized rent of "any year" be deducted in computation of gross annual value of the previous year or only unrealised rent of previous year alone is allowed as deduction?
ex: in calculation of gross annual value for previour year 2007-08 we deduct unrealised rent of the year 2007-08. if there is unrealised rent of year 2005-06 then do we have to consider that or no?

thank you
tima
Profile Image

CA Pawan Goswami

Profile Image

CA Pawan Goswami (Expert)
22 September 2008 No, only unrealised rent of current year i.e, 2007-08 will be considered.
Profile Image

Tima

Profile Image

Tima (Querist)
22 September 2008 sir,

what if it takes 2 years to decide that the rent is unrealised. ( to fulfill the 4 conditions for declaring the rent as unrealised ). in such case do we reopen and recompute our tax for that year or we consider the unrealised rent in whatever year its declared unrealised.

tima
Profile Image

CA. Amit Daga

Profile Image

CA. Amit Daga (Expert)
22 September 2008 WE CAN REPOPEN UPTO 8 YEARS
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
02 May 2026
Experience Audit Manager

AGGARWAL SAMIR & CO

New Delhi

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 02 May 2026
Accounts and Audit Assistant

Kothawade and Laddha

Thane

B.Com

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details