Stock in trade under houseproperty

98 views 4 replies
under the head houseproperty, there is a topic of stock in trade of business
here, one sentence is given that if stock in trade is not let out and certificate of completion of construction is given then up to two years , annual value will be nil.
my question is....

if assessee has taken loan on houseproperty which construction is completed but it is stock in trade...then interest on such loan will be deducted???
Replies (4)
The interest is charged to P&L Account. And hence interest will be part of profit or loss of house property business.
Okay sir. means it will be taxable because on the other side annual value is nil...right???
Agree with praveen
Thanks


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register