There is rent which i have not realised , and i dont know wethere tenant would give me or not so is this necessary for me to show it in the ITR or if i show it that this rent is pending then wether this would be taxable as of now or not????
camahesh (CS) (57 Points)
23 March 2020There is rent which i have not realised , and i dont know wethere tenant would give me or not so is this necessary for me to show it in the ITR or if i show it that this rent is pending then wether this would be taxable as of now or not????
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 23 March 2020
unrealized rent is less from Gross Annual Value .
and taxable in the year in which it is realized after standard deduction @ 30% (flat) .
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)