Deemed house property income in hands of real estate company
This query is : Resolved
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?
29 May 2017
no,, You are the dealer of property. you don't need to follow deemex principle
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29 May 2017
no, deemed concept is not applicable on dealers
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