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Income under the head house property - on unsol flats.

This query is : Resolved 
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(Querist)
01 August 2014 Dear All,

I have one query on following issues :

Construction company / builders having unsold units of flats which are to be sold.

In these case whether such builder is liable to pay tax on income under the head HP on unsod units under deeming provision.

Please provide the supporting if possible.

Regards
Dayanand
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
02 August 2014 no. such property is included in the stock for the builder.

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