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Income Tax - Highlights / Catch Notes

Home Highlights November 2014 Year 2014 This

Assessee had claimed loss under the head income from house ...

Case Laws     Income Tax

November 6, 2014

Assessee had claimed loss under the head income from house property’ by claiming deduction u/s 24(b) of the Act in respect of interest paid for purchase of house property and further deduction u/s 80C was claimed in respect of repayment of loan - deduction can be allowed to assessee only if property was acquired out of borrowed capital - AT

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