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Income Tax - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Exemption u/s 54B - assessee has purchased agricultural land in ...


Spouse's Name on Agricultural Land Purchase Qualifies for Section 54B Tax Deduction Due to Personal Fund Payment.

March 31, 2016

Case Laws     Income Tax     AT

Exemption u/s 54B - assessee has purchased agricultural land in the name of his wife and the payment was made by the assessee from his own source through banking channel - assessee is entitled for the benefit of deduction u/s 54B - AT

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