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Income Tax - Highlights / Catch Notes

Home Highlights April 2012 Year 2012 This

Interest claim for deduction u/s. 24(b) in the computation of ...


Interest Deduction for House Property: Normal and Penal Rates Allowed, But No Deduction for Interest on Interest.

April 18, 2012

Case Laws     Income Tax     AT

Interest claim for deduction u/s. 24(b) in the computation of income from house property - Interest at normal rate allowed - Interest at panel rate allowed - Interest on Interest is not allowed. - AT

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