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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Deduction u/s 54F - assessee purchased two properties - the ...

Income Tax

August 5, 2019

Deduction u/s 54F - assessee purchased two properties - the requirement of the proviso is that if the assessee purchases any residential house other than the new asset within the period of one year after the date of transfer of original asset, deduction is not allowable u/s. 54F (1) - hence assessee is not eligible for deduction

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