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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

Benefit under section 54F - A flat which is newly constructed by ...

Case Laws     Income Tax

February 13, 2015

Benefit under section 54F - A flat which is newly constructed by a builder on behalf of the assessee is in no way different from a house constructed. Section 54F being a beneficial provision has to be interpreted so as to give the benefit of residential unit - AT

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  10. Exemption u/s 54 - assessee has invested in three residential house properties at three different places - scope of amendment - whether exemption is available in respect...

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  12. LTCG - deduction u/s 54 denied - Despite the assessee's claim of having constructed a residential property within the specified timeframe, a physical inspection revealed...

  13. Assessee is eligible for deduction u/s 54, even if new residential house is purchased within one year before transfer of capital asset, utilizing funds other than sale...

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