Section 23(5) - Taxing of notional income in the hands of real-estate developer

Atishay Jain , Last updated: 30 July 2020  
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Section 23(5) of the Income Tax Act - Explained Real estate developer a.k.a builders as the name suggests are the people who are involved in construction of flats, bungalows and similar properties for the purpose of sale. Therefore, such properties are stock in trade for them. Correspondingly, wh

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Published by

Atishay Jain
(Tax Analyst)
Category Income Tax   Report

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