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My tenant paid me the rent of march - July on 2...

My tenant paid me the rent of march - July on 2nd August, 2018. I will show the income from april to july in my ITR. What about the rent for last year (march)?

My tenant paid me the rent of march - July on 2nd August, 2018. I will show the income from april to july in my ITR. What about the rent for last year (march)?

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Chiranjibi Aug. 04, 2018

You will treat this income as the income of the current year.


For Clarification:

The amount received on account of arrears of rent (not charged to tax earlier) will be charged to tax after deducting a sum equal to 30% of such arrears.

It is charged to tax in the year in which it is received. Such amount is charged to tax whether or not the taxpayer owns the property in the year of receipt.​


My tenant paid me the rent of march - July on 2nd August, 2018. I will show the income from april to july in my ITR. What about the rent for last year (march)?

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