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Income Tax - Highlights / Catch Notes

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Standard deduction and interest paid on housing loan - Once the ...

Income Tax

November 13, 2015

Standard deduction and interest paid on housing loan - Once the income is assessable under the head house property, consequent deductions being standard deduction u/s 24(a) and interest paid on borrowed capital u/s 24(b) should be allowed while computing the income from house property. - AT

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