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Income Tax - Highlights / Catch Notes

Home Highlights April 2018 Year 2018 This

Capital gain - LTCG - investment in the new residential house - ...


Assessee Claims Deduction u/s 54 for Capital Gains; Section 54F Conditions Not Applicable.

April 26, 2018

Case Laws     Income Tax     AT

Capital gain - LTCG - investment in the new residential house - the assessee has claimed deduction u/s 54 and not under section 54F of the Act. Thus, the conditions and restrictions imposed u/s 54F of the Act are not applicable to the assessee. - AT

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