House Property
This query is : Resolved
01 January 2011
What is the difference between Sec 25A and Sec 25AA in House Property?
02 January 2011
Both these sections deal with taxability of realisation of unrealised rent, after the deduction is allowed in any of the earlier years towards the amount of unrealised rent.
Section 25A - says that after realisation of unrealised rent, if the deduction is allowed for unrealised rent under section 24(1)(x), before section 24 amended by Finance Act, 2001. Such unrealised rent should be taxed in the year of receipt.
Section 25AA - says that after realisation of unrealised rent, if unrealised rent is not included in the income from house property, under explanation to section 23(1). Such unrealised rent should be taxed in the year of receipt.
It must be noted that the principle in both these sections is same, i.e. taxability of unrealised rent.
In case you need further discussion mail me on rupeshca2001@gmail.com
Section 25A - says that after realisation of unrealised rent, if the deduction is allowed for unrealised rent under section 24(1)(x), before section 24 amended by Finance Act, 2001. Such unrealised rent should be taxed in the year of receipt.
Section 25AA - says that after realisation of unrealised rent, if unrealised rent is not included in the income from house property, under explanation to section 23(1). Such unrealised rent should be taxed in the year of receipt.
It must be noted that the principle in both these sections is same, i.e. taxability of unrealised rent.
In case you need further discussion mail me on rupeshca2001@gmail.com
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
