Unsold flats to be considered for deemed rent under Income from House Property from date of CC… but Municipal Value to be considered as Annual Letting Value

Unsold flats to be considered for deemed rent under Income from House Property from date of CC… but Municipal Value to be considered as Annual Letting Value https://www.taxtmi.com/article/detailed?id=11898 Deemed rental income from unsold developer flats is taxable as Income from House Property from the date of the certificate of completion, with Annual Letting Value to be based on municipal value rather than construction or investment cost; an amendment provides for a limited nil annual value period for stock-in-trade units not let out, but that amendment is to be applied prospectively. en-us Thu, 28 Sep 2023 11:53:16 +0530 Thu, 28 Sep 2023 11:53:16 +0530 TaxTMI RSS Generator Unsold flats to be considered for deemed rent under Income from House Property from date of CC… but Municipal Value to be considered as Annual Letting Value https://www.taxtmi.com/article/detailed?id=11898 Deemed rental income from unsold developer flats is taxable as Income from House Property from the date of the certificate of completion, with Annual Letting Value to be based on municipal value rather than construction or investment cost; an amendment provides for a limited nil annual value period for stock-in-trade units not let out, but that amendment is to be applied prospectively. Articles Income Tax Thu, 28 Sep 2023 11:53:16 +0530 https://www.taxtmi.com/article/detailed?id=11898