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Er exceptions

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(Querist)
25 July 2014 ER is calculated on per annum basis while computing annual value. If the house property is used for business purpose or as stock in-trade, still ER is calculated for 12 months?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
25 July 2014 if it stock in trade, then it wont qualify as a house property. there wont be any need to computation of ER.

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