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Income Tax - Highlights / Catch Notes

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Exemption u/s.54EC - REC Bonds - father has invested in shares ...

Income Tax

May 12, 2016

Exemption u/s.54EC - REC Bonds - father has invested in shares in the name of two minor children - the computation has to be worked out in the hands of the minor and allow the exemption and subsequent income should be added in the hands of the father u/s.64(1A) - AT

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