An assessee used to file his return of income showing income from rent on receipt basis and was assessed accordingly upto a/y 2009-10. during f.y. 2009-10 he recd a sum of rs 100000.00 by way of enhancement for last six year as the govt department (tenant)enhanced the rate of rent with retrospective effect. will the sum of Rs 100000.00 be taxable in a/y 2010-11?
can it be spread over last six years. is there any provisions of tax relief in such cases. like section 89(1). wt provisions will govern such cases
it query
Ravi Chopra (CA) (661 Points)
07 February 2010
CAclubindia
