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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Interest on housing loan u/s 24 - The use of the word "or" in ...

Income Tax

May 4, 2016

Interest on housing loan u/s 24 - The use of the word "or" in between acquired and constructed makes it clear that the property can either be acquired or constructed with the borrowed capital and if the income is earned which is assessed under the head "Income from house property" - claim of deduction allowed - AT

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