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I saw an example in OT notes… That we are deducting irrecoverable rent as an expense from A rent in advance…
But if the rent is given in arrear instead of advance…. Still should we deduct the bad debt?
Whether the rent is due in arrears or in advance is irrelevant as the basis of assessment is the rental income accrued in the tax year! Therefore if any of the rental income accrued is written off as irrecoverable this will be deducted
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