Builder earning rental income from unsold stock:

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37 Points Posted on 25 December 2020
builder earning rental income from unsold stock: income from house property or income from business?
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On 25 December 2020 at 23:56 Report
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This discussion clarifies whether rental income generated by builders from unsold stock should be classified as business income or income from house property. The consensus, supported by Supreme Court law, leans towards it being treated as income from business. This distinction has significant implications for tax treatment.

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Accountant
4533 Points Posted on 26 December 2020
Income from business
as per relevant supreme court law
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On 26 December 2020 at 00:02
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37 Points Posted on 26 December 2020
Thanku sir
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On 26 December 2020 at 00:06

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