Advance Rent Of Many Year

0 Vote(s) - 0 Average

Advance Rent Of Many Year

Sayub
Offline

Junior Member

Posts: 48
Threads: 3
Joined: Feb 2011
Reputation: 0

02-06-2011, 09:38 PM

As per ITO, 2001 Rent is taxable on receipt basis, therefore Rent "Received in Advance" shall be taxable in the year of receipt however in the subsequent years there will be No "Receipt" therefore no tax.

As far as reference is concerned refer Sections 15 and 16 of ITO, 2001.

Hope this answered your query.

« Next Oldest | Next Newest »

Users browsing this thread: 1 Guest(s)

Messages In This Thread

Advance Rent Of Many Year - by Muhammad Rehman - 01-19-2011, 06:22 PM

[No subject] - by LapTop - 01-21-2011, 07:04 PM

[No subject] - by Jay - 01-25-2011, 05:21 PM

[No subject] - by faisal_desperado - 02-02-2011, 02:48 PM

[No subject] - by LapTop - 02-02-2011, 06:38 PM

[No subject] - by Sayub - 02-06-2011, 09:38 PM

[No subject] - by faisal_desperado - 02-07-2011, 06:49 PM

[No subject] - by LapTop - 02-07-2011, 08:17 PM

[No subject] - by faisal_desperado - 02-09-2011, 06:11 PM

[No subject] - by LapTop - 02-09-2011, 06:23 PM

[No subject] - by faisal_desperado - 02-09-2011, 06:34 PM