Rental income from property as stock in trade

Hi Saurav Gupta,
If the assessee is engaged in the business of renting out properties, then the rental income will be chargeable u/h Profits and Gains of Business or Profession.
The head income from House Property comes into picture only if the property held as stock-in-trade was not let out. If the property held as stock-in-trade was not let out within 1 year after obtaining certificate of completion, then the annual value will be nil; thereafter if the said property was not let out, then annual value will be the expected rent u/s 23(5).
Here, you are saying that there is RENTAL INCOME from such property, which implies that the said property has already been let out. So, if the assessee is engaged in renting out properties, then such rental income shall be chargeable u/h Profits and Gains from business or profession.