The land lord increased the rent by ₹ 5,000 per month with retrospective effect and therefore the tenant paid ₹ 60,000 as arrears of rent in the previous year 2020 – 21. How much amount will be taxable as Income from house property due to the receipt of arrears of rent.
A. ₹ 42,000
B. ₹ 18,000
C. ₹ 60,000
D. None
Answer:A
The land lord increased the rent by ₹ 5,000 per month with retrospective effect and therefore the tenant paid ₹ 60,000 as arrears of rent in the previous year 2020 – 21. How much amount will be taxable as Income from house property due to the receipt of arrears of rent.
A. ₹ 42,000 B. ₹ 18,000 C. ₹ 60,000 D. None