December 2020

Section 22 Assessee is builder / developer Rental income derived is taxable as Business Income and section 22 is not applicable In respect of unsold flats held as stock-in-trade, Annual Lettable Value cannot be determined u/s 22 since rental income, if any, is taxable as Business Income

Jagdish D. Shah | Jagdish T. Punjabi
Chartered Accountants

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