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Income Tax - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Denial of deduction/exemption under section 54EC - advance ...

Case Laws     Income Tax

September 28, 2018

Denial of deduction/exemption under section 54EC - advance received in specified assets before the date of transfer of asset - the Board have decided that if the assessee invests the earnest money or the advance received in specified assets before the date of transfer of asset, the amount so invested will qualify for exemption under section 54E

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