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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Exemption u/s 54F - long term capital gain - The approach of the ...

Income Tax

March 23, 2015

Exemption u/s 54F - long term capital gain - The approach of the authorities that once a habitable (Residential) asset is acquired, any additions or improvements made on that habitable asset is not eligible for deduction, is contrary to the statutory provisions. The said reasoning is unsustainable. - HC

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