TaxTMI 
TaxTMI 
Tax on Notional Rent of Property held as stock in trade
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....ax on Notional Rent of Property held as stock in trade<br> Query (Issue) Started By: - Tushar More Dated:- 16-2-2017 Income Tax<br>Income Tax<br>Dear All, The Finance Bill 2017 proposes to amend Sect....
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....ion 23 of the ITA to exempt them from having to pay tax on notional rental income from house property which is held as a stock-in-trade for a period of one year from the end of the FY in which the cer....
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....tificate of completion of construction of the property is obtained from the competent authority. My query is whether a real estate developer having 5 unsold flats since 2010 have to pay tax on the es....
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....timated annual rent for period prior to AY 2018-19. Further since when is the tax is to be paid. Also mention the section requiring the same.<br> Discussion Forum - Knowledge Sharing ....