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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Exemption u/s. 54F - Long term capital gains LTCG) - Joint ...


Section 54F Exemption Denied if Taxpayer Owns More Than One House; Joint Ownership Doesn't Qualify for Deduction.

September 19, 2013

Case Laws     Income Tax     AT

Exemption u/s. 54F - Long term capital gains LTCG) - Joint ownership of new house property - no deduction shall be allowed if the assessee owns on the date of transfer of the residential asset more than one residential house - AT

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