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House property

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(Querist)
26 March 2018 Dear Sir/Madam,

Can builder (real estate developer) show rent received from letting out the flats (which are held as stock in trade) as income from house property or it has to be shown under the head income from business?
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
26 March 2018 Should be assessed as Income from house property
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NIRMAL DAVE

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NIRMAL DAVE (Querist)
26 March 2018 OK. THANK YOU FOR YOUR VALUABLE REPLY.
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