Does Income from HP start from the day of Part OC

Does Income from House Property become applicable from the time Part Occupancy certificate is received ? Or is a full occupancy certificate required. More importantly, from when is the obligation of factoring income from house property arise in such cases.

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Quick Summary
This discussion explores the crucial question of when income from house property becomes taxable. Specifically, it investigates whether a Part Occupancy Certificate (OC) is sufficient to trigger tax obligations or if a Full OC is required. The conversation aims to clarify whether the obligation arises from the date of possession or the date of receiving the OC for the specific flat, whichever comes first, and whether a Part OC is recognised under Income Tax rules.

From the date of receipt of possession or the date of OC for the particular flat received, whichever earlier.

Is Part Occupancy certificate considered as OC as per Income tax rules

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