CA Day celebration 2024 Easy Office
LCI Learning

Tax Treatment on Advance received from tenants

This query is : Resolved 

19 February 2009 Please clarify my doubt regarding tax treatment on advance received from tenants by the owner of the house property. I want to know what is the tax treatment for the amount until it is repaid and how it shown in the balance sheet under what head.

19 February 2009 it is taxable on accrual basis as an when due.if refunded no tax to be paid.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query