Advance rent
This query is : Resolved
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.
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.
19 July 2014
advance rent is not taxable as annual value is taxed under house property income.
19 July 2014
you need to bifurcate the amounts over the two years' period
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