Unsold Units Held as Stock in Trade Not Taxable Until Two Years Post Completion Certificate u/s 23(5.

Unsold Units Held as Stock in Trade Not Taxable Until Two Years Post Completion Certificate u/s 23(5. https://www.taxtmi.com/highlights?id=46876 Taxability of property held in stock in trade - it is now abundantly clear from Sec. 23(5) that until the completion certificate is not issued by the competent authority and two years thereafter; annual value of the unsold units shall be NIL - since certificate only issued on 01.07.2015, the property in question for the both the assessment years 2011-12 and 2012-13 are not taxable en-us Fri, 31 May 2019 09:19:58 +0530 Fri, 31 May 2019 09:19:58 +0530 TaxTMI RSS Generator Unsold Units Held as Stock in Trade Not Taxable Until Two Years Post Completion Certificate u/s 23(5. https://www.taxtmi.com/highlights?id=46876 Taxability of property held in stock in trade - it is now abundantly clear from Sec. 23(5) that until the completion certificate is not issued by the competent authority and two years thereafter; annual value of the unsold units shall be NIL - since certificate only issued on 01.07.2015, the property in question for the both the assessment years 2011-12 and 2012-13 are not taxable Highlights Income Tax Fri, 31 May 2019 09:19:58 +0530 https://www.taxtmi.com/highlights?id=46876