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Income Tax - Highlights / Catch Notes

Home Highlights June 2015 Year 2015 This

Income from the house property - premises used for the purposes ...


Annual Value of Self-Occupied Property for Business Partner Determined u/s 23(1)(a); Previous Rent Irrelevant.

June 23, 2015

Case Laws     Income Tax     AT

Income from the house property - premises used for the purposes of the business in which he was a partner - annual value is to be determined as per the provisions of section 23(1)(a) being applicable for self-occupied property - rent received in preceding years anyway has no direct relevance in computation of annual value - AT

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