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Income Tax - Highlights / Catch Notes

Home Highlights September 2023 Year 2023 This

Taxability of Advance Rent received - the assessee received ...

Case Laws     Income Tax

September 18, 2023

Taxability of Advance Rent received - the assessee received advance rent from the Government Agencies which is not accrued to the assessee and the same has to be taxed in the assessment year for which the same is related. Therefore, it cannot be taxed in the hands of the assessee in the year under consideration. - AT

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