Stock in trade under houseproperty

This discussion clarifies the tax treatment of 'stock in trade' under the house property head. Specifically, it addresses whether interest on loans for a completed property that is considered stock in trade can be deducted. The consensus is that if the annual value is nil (due to the property not being let out and having a completion certificate), the interest charged to the P&L account will be considered part of the business's profit or loss and is therefore taxable.