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Income Tax - Highlights / Catch Notes

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Eligibility for deduction u/s 54F - Clubbing of income of the ...


Section 54F Deduction: Minor Children's Income Must Be Considered Separately Before Clubbing with Assessee's Income.

April 3, 2017

Case Laws     Income Tax     AT

Eligibility for deduction u/s 54F - Clubbing of income of the minor children in the hands of the assessee - before arriving at net income for the purpose of clubbing in the hands of the assessee, the deduction available u/s 54F has to be considered separately in the hands of the minor children - AT

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