Paid rent arrears with interest

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Retired
133 Points Posted on 13 July 2022

Residential house, the tenant's Arrears of rent plus interest finally paid after 2 -1/2 years. 

Query:  In filing ITR , is the interest earned on arrears of rent paid be considered part of rental income or the interest part be income from other sources? 

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On 13 July 2022 at 10:31 Report
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Quick Summary
A landlord received payment for rent arrears, including interest, after a significant delay of 2.5 years. The query is about how to correctly declare this received interest for tax purposes. Specifically, should it be treated as part of the rental income or as income from other sources (IFOS) when filing the Income Tax Return (ITR)?

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SEO Sai Gr. Hosp.
121407 Points Posted on 13 July 2022

Declare it under Schedule  'IFOS' ...

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On 13 July 2022 at 13:55
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SEO Sai Gr. Hosp.
121407 Points Posted on 13 July 2022

Declare it under Schedule  'IFOS' ...

2 Reply
On 13 July 2022 at 13:55

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