ET Reality G Hari Babu, president, NAREDCO suggested the amendment of Section 23(5) to either abolish notional income
Elucidating the tax burden due to the concept of notional income from housing property held as stock in trade after two years, G Hari Babu, president, NAREDCO suggested the amendment of Section 23(5) to either abolish 'notional income' or increase the timeline by five years for considering the notional income.
