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Income Tax - Highlights / Catch Notes

Home Highlights July 2012 Year 2012 This

Long-term Capital gains - deduction u/s 54 - for claiming ...


Section 54 Deduction: House Construction Must Finish Within Time Limit for Long-Term Capital Gains Eligibility.

July 10, 2012

Case Laws     Income Tax     AT

Long-term Capital gains - deduction u/s 54 - for claiming deduction u/s 54, the construction of the house should be completed within the prescribed time limit and date of commencement of construction is not material for claiming deduction - AT

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