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House Property

This query is : Resolved 

06 June 2011 Please tell me rent received in advance for the next year is taxable in current F. Y. or in next year to which it relates.

plz give ref of case laws or circular if available.

06 June 2011 THE ANSWER IS GIVEN BY SECTION 23
THE ADVANCE RENT IS TAXABLE IN THE YEAR OF RECEIPT

CA MANOJ GUPTA
JODHPUR
09828510543



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