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Income Tax - Highlights / Catch Notes

Home Highlights September 2021 Year 2021 This

Deduction u/s 54F - Rejection of claim for Constructing more ...

Income Tax

September 27, 2021

Deduction u/s 54F - Rejection of claim for Constructing more than one house - An independent building can have a number of residential units and it will not lose the character of “one residential house”. - we are unable to agree with the view taken by the tax authorities that each floor of the individual house/each portion in a floor is separate house property. - AT

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