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Budget 2017: Query on Notional Rent for Builders, Income Tax

Issue Id: - 111481
Dated: 8-2-2017
By:- Bijay Shrestha

Budget 2017: Query on Notional Rent for Builders


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Dear Friends,

Please suggest.

In Budget 2017, it was proposed that For builders for whom constructed buildings are stock-in-trade, tax on notional rental income will only apply after one year of the end of the year in which completion certificate is received.

What is the purpose behind introducing this provision?

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