arrears of rent paid

This query is : Resolved 

18 April 2013 Sir/ma'am,

I have a query relating to arrears of rent paid in A.Y.2013-14. Assesse paid arrears of rent for A.Y. 2011-12 & 2012-13 in A.Y. 2013-14. is arrears of rent paid in a.y.2013-14 is a deductible expense from the PGBP income of assesse for A.Y. 2013-14.

Please give advice as soon as possible.

18 April 2013 IT DEPENDS A LOT ON SYSTEM OF ACCOUNTING FOLLOWED IF IT IS CASH BASIS THE ANS IS YES
IF IT IS MERCANTILE BASIS THE ANS DEPENDS ON MANY FACTORS.
CA MANOJ GUPTA
JODHPUR
09828510543

29 April 2013 Sir it is mercantile basis... what factors should be considered




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