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Deemed house property income in hands of real estate company

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(Querist)
29 May 2017 If an Entity doing Real estate business it has closing stock of flats unsold at the end of year. But no such flats were given for Rent. Is it necessary to show income under Income from house property at ALV on Deemed basis?
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CA Mohit Kumar

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CA Mohit Kumar (Expert)
29 May 2017 no,, You are the dealer of property. you don't need to follow deemex principle
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CA Mohit Kumar

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CA Mohit Kumar (Expert)
29 May 2017 no, deemed concept is not applicable on dealers



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Phani

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Phani (Querist)
30 May 2017 Thank you Mr.Mohit kumar

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