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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

Deduction u/s 54 - There is also no restriction that what ...


Section 54 Deduction: No Flat Size Restriction for Residential Use, Check Local Authority Limits on Construction.

November 30, 2015

Case Laws     Income Tax     AT

Deduction u/s 54 - There is also no restriction that what percentage of the size of flat should be used for residential purposes either under the Income Tax law but there is a restriction of maximum construction by the local authorities of the respective states. - AT

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