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Income Tax - Highlights / Catch Notes

Home Highlights October 2011 Year 2011 This

Purchase of property may be a well-furnished house with ...


Section 54F Deduction: Buying a Furnished House Isn't Enough; Must Prove Residential Use for Tax Benefits.

October 13, 2011

Case Laws     Income Tax     AT

Purchase of property may be a well-furnished house with bedrooms, kitchen and toilets but that is not sufficient because to claim deduction u/s 54F of the IT Act, it must be shown to have used for residence... - AT

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