Relief from taxation of Notional (presumptive) Rental Income upto one year from the date of completion - in case of Builder / Developer -stockin- trade and the property or any part of the property is not let during the whole or any part of the previous year- Budget 2017-18 w.e.f. AY 2018-19

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..... - Clause - 012 - Amendment of section 23. THE FINANCE BILL, 2017 Clause 12 of the Bill seeks to amend section 23 of the Income-tax Act relating to annual value how determined. It is proposed to insert a new sub-section (5) in the said section so as to provide that where the property consisting of any building and land appurtenant thereto is held as stockin- trade and the prope .....

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