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Income Tax - Highlights / Catch Notes

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Double claim of Interest Paid on Capital Borrowed for purchase ...

Income Tax

February 3, 2023

Double claim of Interest Paid on Capital Borrowed for purchase of Property - Ist U/s 24 under House Property income, 2nd deductions under chapter VI-A and 3rd u/s 48 as part of cost of acquisition - Amendments proposed to allow only one benefit as per the choice of the assessee.

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