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

3 [ **** ] *************** NOTES :- 1. Inserted vide Section 13 of the Finance Act, 2000 w.e.f. 01-04-2001 2. Substituted vide Section 19 of the Finance Act, 2001 w.e.f. 01-04-2002 before it was read as, a sum equal to one-fourth of such amount for repairs of, and collection of rent from, the property 3. Omitted vide Section 11 of the Finance Act, 2016 w.e.f. 01-04-2017 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 .]