Notional Rent Tax on Unsold Property Not Applicable for Assessment Year 2014-15; Effective from 2018-19.

Provision in the Act for BRINGING to tax the notional rent on unsold stock of house property was brought into effect from assessment year 2018-19. In the present case, the assessment year is 2014-15 and hence the said provision is not at all applicable for the current assessment year. - AT .....

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