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Bill - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Amendment of section 24. - the deduction of an interest amount ...


Section 24 Amendment: Interest Deduction Extended to Five Years for Property Acquisition or Construction.

February 29, 2016

Act Rules     Bill

Amendment of section 24. - the deduction of an interest amount of two lakh rupees under the said proviso shall be allowed if the acquisition or construction is completed within five years from the end of the financial year in which the capital was borrowed. [old three years]

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