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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

The Income Tax Act does not create any distinction between ...


Rental Income from Residential and Commercial Properties Treated Equally Under Income Tax Act Section 22.

January 17, 2014

Case Laws     Income Tax     AT

The Income Tax Act does not create any distinction between rental income from house property and rental income from commercial building - Section 22 shows that the term used in section is 'building', it is not qualified by the word 'residential' - AT

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