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Income Tax - Highlights / Catch Notes

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Depreciation on letting out of building for business purposes - ...

Income Tax

May 26, 2020

Depreciation on letting out of building for business purposes - For the earlier assessment year, the assessee itself has offered income from letting out property as income from house property. As such, the assessee cannot have any grievance and is entitled to only deduction u/s. 24 of the I.T. Act.

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