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Income Tax - Highlights / Catch Notes

Home Highlights August 2016 Year 2016 This

Eligible to claim deduction under sec. 54F - For availing ...


Eligibility for Section 54F Deduction Hinges on Property's Actual Residential Use, Not Just Municipal Classification.

August 26, 2016

Case Laws     Income Tax     AT

Eligible to claim deduction under sec. 54F - For availing deduction under sec. 54F of the Act, the property though shown as residential on the record of the municipality but the test will be actual user of the premises by the assessee during the relevant period. - AT

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