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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Deduction claimed u/s 54 - There being no pre–condition u/s ...

Income Tax

March 16, 2019

Deduction claimed u/s 54 - There being no pre–condition u/s 54(1) providing for investment of the long term capital gain in purchase of new house for claiming deduction u/s 54 - If other or borrowed fund is used then also deduction is allowable as investment is more than capital gain.

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