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Income Tax - Highlights / Catch Notes

Home Highlights May 2015 Year 2015 This

Land belonging to the husband has been thrown into the common ...

Case Laws     Income Tax

May 1, 2015

Land belonging to the husband has been thrown into the common stock of joint property between the husband and the wife - doctrine of blending applied - They borne the cost of construction in the ratio of 1/3rd and 2/3rd. - Rental income has to be taxed u/s 22 and not as other sources u/s 56 - HC

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