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Income Tax - Highlights / Catch Notes

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When the capital gain is assessed on notional basis, whatever ...


Capital Gains Deduction: Full Investment in New Home Qualifies, Even with Mixed Funding, u/s 54.

May 21, 2016

Case Laws     Income Tax     AT

When the capital gain is assessed on notional basis, whatever amount is invested in the new residential house within the prescribed period u/s 54, the entire amount invested, should get benefit of deduction irrespective of the fact that the funds from other sources are utilised for new residential house - AT

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