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Income Tax - Highlights / Catch Notes

Home Highlights November 2016 Year 2016 This

Claim of deduction u/s.54F - It is open for the assessee to put ...


Assessee can claim deduction u/s 54F for constructing or purchasing a house without prior site acquisition.

November 15, 2016

Case Laws     Income Tax     AT

Claim of deduction u/s.54F - It is open for the assessee to put up a residential construction or to purchase a residential house. It is not the requirement of law that he should purchase a residential site and then putup construction - AT

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