Advance rent received in p.y.2017 - 18
Ujwala Tarate (39 Points)
24 July 2018
what will be tax treatment for advance rent received on house property under ITR please guide. thank you.
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(180013 Points)
Replied 24 July 2018
It will be taxable in the year of its (rental) libility. In the year of receipt it is treated as advance only.
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