Section 25A of Income Tax Act 1961

Section 25A of Income Tax Act 1961-Special provision for arrears of rent and unrealised rent received subsequently.

Section 25A(1) of Income Tax Act 1961

The amount of arrears of rent received from a tenant or the unrealised rent realised subsequently from a tenant, as the case may be, by an assessee shall be deemed to be the income from house property in respect of the financial year in which such rent is received or realised, and shall be included in the total income of the assessee under the head “Income from house property”, whether the assessee is the owner of the property or not in that financial year.

Section 25A(2) of Income Tax Act 1961

A sum equal to thirty per cent of the arrears of rent or the unrealised rent referred to in sub-section (1) shall be allowed as deduction.