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stock-in-trade policy

IT Dept to Tax Unsold Property

IT Dept to Tax Unsold Property
Times are a changin’ if home prices become cheaper because of a proposal made by the revenue department that is still under consideration. The proposal demands that builders pay tax on their unsold inventory as this comes under stock-in-trade policy that is subject to taxation under ‘income from house property’, regardless if they are not [...] Continue Reading »



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