Tax on Notional Rent of Property held as stock in trade

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..... Tax on Notional Rent of Property held as stock in trade
Query (Issue) Started By: - Tushar More Dated:- 16-2-2017 Income Tax
Income Tax
Dear All, The Finance Bill 2017 proposes to amend Sec .....

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..... tion 23 of the ITA to exempt them from having to pay tax on notional rental income from house property which is held as a stock-in-trade for a period of one year from the end of the FY in which the ce .....

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..... rtificate of completion of construction of the property is obtained from the competent authority. My query is whether a real estate developer having 5 unsold flats since 2010 have to pay tax on the e .....

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..... stimated annual rent for period prior to AY 2018-19. Further since when is the tax is to be paid. Also mention the section requiring the same.
Discussion Forum - Knowledge Sharing .....

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