Rent from redevelopment property

Rent from re development property is exempt from tax , where do we have to show this income in ITR ? There is no exact section for exemption of rent.

Replies (1)

Tax treatment can sometimes depend on the specific clauses in your development agreement or if the authorities classify the payment differently based on the exact structure of the deal. Because of this, it is highly recommended to consult with a Chartered Accountant or a tax advisor who can review your specific agreement to confirm there are no unique features (such as TDS deductions by the builder) that might require special handling.

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