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House property Unsold Inventory : Budget-23 Suggestion

House Property Unsold Inventory : Budget-23 Suggestion

In today's real estate market, builders and Developers often struggle with Unsold Properties that are held as stock-in-trade. Section 23(5) of the Income Tax Act provides for a notional rental income to be taxed on such unsold properties after a prescribed period. This can be a significant burden for developers who are struggling to dispose of their stock in a sluggish market.One of the main



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House property Unsold Inventory : Budget-23 Suggestion

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