Sameer is in the business of selling properties. He constructed a property for sale. The completion certificate was received on 13.8.2017 but yet, it could not be sold. He will have to pay tax under the head house property beginning with the previous year on notional basis.
A. 2017-18
B. 2018-19
C. 2019-20
D. 2020-21
Answer:D
Sameer is in the business of selling properties. He constructed a property for sale. The completion certificate was received on 13.8.2017 but yet, it could not be sold. He will have to pay tax under the head house property beginning with the previous year on notional basis.
A. 2017-18 B. 2018-19 C. 2019-20 D. 2020-21