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Income Tax - Highlights / Catch Notes

Home Highlights December 2011 Year 2011 This

Notional Interest on security - part of annual letting value of ...


Notional interest on security deposits included in annual letting value u/s 23 of Income Tax Act.

December 17, 2011

Case Laws     Income Tax     HC

Notional Interest on security - part of annual letting value of the property. - Section 23 - Where payment of the security deposit is to circumvent the real rent, the same shall fall within its ambit as income from house property..... - HC

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