Deemed house property income in hands of real estate company

This query is : Resolved 

29 May 2017 If an Entity doing Real estate business it has closing stock of flats unsold at the end of year. But no such flats were given for Rent. Is it necessary to show income under Income from house property at ALV on Deemed basis?

29 May 2017 no,, You are the dealer of property. you don't need to follow deemex principle

29 May 2017 no, deemed concept is not applicable on dealers


30 May 2017 Thank you Mr.Mohit kumar



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