Section 23 — Arrears of rent and unrealised rent received subsequently

(1) The amount of arrears of rent received by an assessee from a tenant,
or the unrealised rent realised subsequently from a tenant, shall be deemed to
be the income from house property in respect of the tax year in which such rent is
received or realised.
(2) The amount deemed to be income from house property under sub-section (1) 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 tax year.
(3) A sum equal to 30% of the arrears of rent or the unrealised rent referred to in
sub-section (1) shall be allowed as deduction.
6. Substituted for “sub-section (1)(b)” by the Finance Act, 2026, w.e.f. 1-4-2026.