Deemed rental income - the unsold flats which are stock in trade ...

Unsold Flats as Stock in Trade: Taxed as 'Income from Business' on Sale, Not 'Income from House Property'.

February 28, 2018

Case Laws Income Tax AT

Deemed rental income - the unsold flats which are stock in trade when they were sold they are assessable under the head ‘income from business’ when they are sold and therefore the AO is not correct in bringing to tax notional annual letting value in respect of those unsold flats under the head ‘income from house property’. - AT

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Deemed rental income - the unsold flats which are stock in trade ...

Unsold Flats as Stock in Trade: Taxed as 'Income from Business' on Sale, Not 'Income from House Property'.

February 28, 2018

Case Laws Income Tax AT

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