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

4 [Special provision for arrears of rent and unrealised rent received subsequently. 25A. (1) 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. (2) 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. ] -------------------------------- Notes :- 1. Inserted by the Taxation Laws (Amendment) Act, 1984, w.e.f. 1-4-1985. 2. Inserted by the Finance Act, 2001, w.e.f. 1-4-2002. 3. Inserted by the Finance Act, 2001, w.e.f. 1-4-2002. 4. Substituted vide THE FINANCE ACT, 2016 w.e.f. 1st day of April, 2017, before it was read as, 1 [Special provision for cases where unrealised rent allowed as deduction is realised subsequently. 25A. Where a deduction has been made under clause ( x ) of sub-section (1) of section 24 2 [ as it stood immediately before its substitution by the Finance Act, 2001 ] in the assessment for any year in respect of rent from property let to a tenant which the assessee cannot realise and subsequently during any previous year the assessee has realised any amount in respect of such rent, the amount so realised shall be deemed to be income chargeable under the head Income from house property and accordingly charged to income-tax (without making any deduction under section 23 or section 24 3 [ as it stood immediately before its substitution by the Finance Act, 2001 ] ) as the income of that previous year, whether the assessee is the owner of that property in that year or not. ]