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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Income from house property - The assessee has to prove that this ...

Income Tax

July 25, 2016

Income from house property - The assessee has to prove that this bungalow was purchased with borrowed funds. But neither the bungalow was ready for self-occupation nor the assessee has given a choice. Thus, under this head also the assessee is not entitled for deduction of an interest expenditure. - AT

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