TMI BlogAssessee Eligible for Section 54F Deduction; No Extra Tax Due as Only One Other Property Owned.Deduction u/s 54F on account of construction of house - the assessee doesn’ t have more than one house which is chargeable to tax under the head “ income from house property” other than the one residential house owned on the date of sale of original asset - No addition is warranted. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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