16 June 2012
Dear all my client has received in advance Rent of First three months of at the inception of the lease. He received Rs. 9,00,000 in March 2012 for March April & May.
So the question is whether Rs 9,00,000 will be taxable in A.Y 2012-13 or only partial amount i.e. Rs 3,00,000 will be in the Current A.Y.
CAclubindia
