Section 25B - Omitted - Income-tax Act, 1961

3 [****] ----------------------------- Notes:- 1. Inserted by the Finance Act, 2000, w.e.f. 1-4-2001. 2. Substituted for a sum equal to one-fourth of such amount for repairs of, and collection of rent from, the property by the Finance Act, 2001, w.e.f. 1-4-2002. 3. Section 25A Substituted for sections 25A, 25AA and 25B vide THE FINANCE ACT, 2016 w.e.f. 1st day of April, 2017, before it was read as, 1 [Special provision for arrears of rent received. 25B. Where the assessee- ( a ) is the owner of any property consisting of any buildings or lands appurtenant thereto which has been let to a tenant; and ( b ) has received any amount, by way of arrears of rent from such property, not charged to income-tax for any previous year, the amount so received, after deducting 2 [ a sum equal to thirty per cent of such amount ] , shall be deemed to be the income chargeable under the head Income from house property and accordingly charged to income-tax as the income of that previous year in which such rent is received, whether the assessee is the owner of that property in that year or not .]