Nitesh has let out his one of the house since 1st April, 2002 at a rent of ₹10,000 per month. On 1st May, 2020 he received ₹39,000 as arrear of rent because rent was increased by ₹3,000 per month with effect from 1st Apr

Nitesh has let out his one of the house since 1st April, 2002 at a rent of ₹10,000 per month. On 1st May, 2020 he received ₹39,000 as arrear of rent because rent was increased by ₹3,000 per month with effect from 1st April, 2019 as per decision of the Court. At the same time he recovered ₹40,000 out of unrealized rent from his earlier tenant. Find taxable amount out of this arrear received and recovery of unrealized rent for the A.Y. 2021-22. (Assuming assessee has not opted U/s 115BAC).