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Wealth-tax - Highlights / Catch Notes

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Section 2(ea)(i)(4) of the W.T Act does not contemplate the ...

Wealth-tax

April 16, 2016

Section 2(ea)(i)(4) of the W.T Act does not contemplate the usage of residential property only for residential purpose. We find that this section only says the residential property that has been let out for a minimum period of three hundred days in a previous year is eligible for exemption. - AT

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