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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

When the assessee has purchased any residential house other than ...


Purchasing a Non-New Residential House Within a Year Disqualifies Deduction u/s 54F of Income Tax Act.

December 4, 2014

Case Laws     Income Tax     AT

When the assessee has purchased any residential house other than the new residential house within a period of one year after the date of transfer, then the assessee shall not be eligible for claim of deduction u/s 54F - AT

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