https://www.taxtmi.com/forum/issue?id=111517 Proposed amendment in the Finance Bill 2017 would exempt from taxation the notional rental income of house property held as stock-in-trade for one year from the end of the financial year in which the competent authority issues the certificate of completion of construction. The query asks whether a developer with unsold flats since 2010 must pay tax on estimated annual rent for periods before the amendment's operative year and when tax becomes payable under the relevant provision. en-us Thu, 16 Feb 2017 17:22:35 +0530 Thu, 23 Jan 2025 15:56:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111517 Proposed amendment in the Finance Bill 2017 would exempt from taxation the notional rental income of house property held as stock-in-trade for one year from the end of the financial year in which the competent authority issues the certificate of completion of construction. The query asks whether a developer with unsold flats since 2010 must pay tax on estimated annual rent for periods before the amendment's operative year and when tax becomes payable under the relevant provision. Discussion-Forum Income Tax Thu, 16 Feb 2017 17:22:35 +0530 https://www.taxtmi.com/forum/issue?id=111517