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Income Tax - Highlights / Catch Notes

Home Highlights September 2020 Year 2020 This

Taxability of notional interest - Income from House Property - ...

Income Tax

September 3, 2020

Taxability of notional interest - Income from House Property - Rental income - The addition was on the sole premise, that the assessee having the security deposit must have earned the interest. In order to tax any amount, the revenue has to prove that the amount as indeed been earned by the assessee. - AT

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