Menu
UNSOLD FLATS
Rental income derived from the unsold flats which were shown as stock in trade in the books of the assessee should be assessed under which head??
Replies (2)
Income From House Property
Sir I refer the case law ie., Discovery Estate Pvt. Ltd..
But I don't find the logic because as the unsold flats are shown as stock.. Then the rental income should be taxed as business income.. This is as per my view.. Kindly rectify..
But I don't find the logic because as the unsold flats are shown as stock.. Then the rental income should be taxed as business income.. This is as per my view.. Kindly rectify..
Recent Topic
- Due date of ITR for Option Trader
- Cancelled invoice entry
- Debt Mutual Fund Tax in New Regime
- Amount distributed by a Co-op. Hsg Society to its
- Delayed reported invoice in GSTR1
- Kusumgar IPO Listing Date: Shares Debut on BSE, NS
- When is Diwali in 2026? Date, Muhurat Timing and D
- Amount received by son from PPF closure proceeds o
- Clarification on Nature of Payment Code for NRI Pr
- Fee received as Independent Director
Related Topics
CAclubindia
