Hi
My client has been paid on 30th June 2010 arrears on rent for office cum residence Last 10 Year Rs.38000/- aprox
Can I disallow 1/3 and claim as expense for F.Y.2010-11 It is allow by bylaws
sankalp (Tax Consultant ( Income Service Sale Tax )) (107 Points)
22 July 2011Hi
My client has been paid on 30th June 2010 arrears on rent for office cum residence Last 10 Year Rs.38000/- aprox
Can I disallow 1/3 and claim as expense for F.Y.2010-11 It is allow by bylaws
CA Mukul Mittal
(CA in practice)
(384 Points)
Replied 22 July 2011
as per section 25B, if the assessee has recd. any amount of rent by way of arrears, it shall be chargeable to tax after deducting 30% of the amount so received.......
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