House property
This query is : Open
26 March 2018
Dear Sir/Madam,
Can builder (real estate developer) show rent received from letting out the flats (which are held as stock in trade) as income from house property or it has to be shown under the head income from business?
Can builder (real estate developer) show rent received from letting out the flats (which are held as stock in trade) as income from house property or it has to be shown under the head income from business?
26 March 2018
Should be assessed as Income from house property
26 March 2018
OK. THANK YOU FOR YOUR VALUABLE REPLY.
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