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Income Tax - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

A residential house does not mean a single residential house - ...


Multiple Flats Qualify for Tax Exemption u/s 54F; Single Unit Not Required for Eligibility.

April 12, 2014

Case Laws     Income Tax     AT

A residential house does not mean a single residential house - Even where the assessee constructs or receives a number of flats adjacent to each other or in different floors of the same building then also the assessee would be entitled for exemption u/s 54F - AT

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