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Advance rent

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(Querist)
19 July 2014 R/s.
I had received 2 years rent in advance. Can this income I will bifurcate in 2 years or it should be my current year income.
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
19 July 2014 advance rent is not taxable as annual value is taxed under house property income.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
19 July 2014 you need to bifurcate the amounts over the two years' period
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