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.
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