12
GO BACK TO INDEX

Section – 23 - notional income for house property held as stock-in-trade

 

It is proposed to provide that in respect of unsold property held as stock in trade and not let out, the annual value of the property for the period upto one year from the end of the financial year in which completion certificate is received from competent authority will be taken as Nil. Thereafter it will be assessable as income from  property on the basis of its notional rent.

 

The amendment will be effective from 1st April 2018.


GO BACK TO INDEX

17