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Income Tax - Highlights / Catch Notes

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Deduction u/s 54 - whether advance payment made by the assessee ...

Income Tax

September 11, 2020

Deduction u/s 54 - whether advance payment made by the assessee for the purchase of a residential flat would constitute a part of purchase or not, when such advance is made to the seller of flat prior to the date of sale of capital asset in question? - Held Yes - HC

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