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Income Tax - Highlights / Catch Notes

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Computation of Capital Gain - AO was of the opinion that since ...


Interest on Housing Loan Not Allowed for Capital Gains Computation u/s 48; Errors in WIP Deductions Noted.

March 5, 2018

Case Laws     Income Tax     AT

Computation of Capital Gain - AO was of the opinion that since the interest in question on housing loan, had already been claimed as deduction u/s 24(b), the same could not be taken into consideration for computation u/s 48 - AO should not have reduced brokerage and interest on loan from WIP - AT

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