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Ifos

Direct Taxation

Rental income of property held as stock in trade for 3 years goes in IFHP And Rental income in case person engage in business of letting out of property goes in business Can anyone expla

Addu Gill

CA Inter

★ 0

20-Apr-23 21:52

155

Answers (1)

New property of builder, is held for sale as stock but it is not sold for 3 y ears then it will be considered as house property If business is to let out houses, then such income goes into PGBP and not House property