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Income Tax - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

Deduction/ Exemption of LTCG u/s 54F - use of ground floor as ...


Apportionment of LTCG Deduction u/s 54F: 75% Residential, 25% Commercial Use of Property Upheld.

November 9, 2018

Case Laws     Income Tax     AT

Deduction/ Exemption of LTCG u/s 54F - use of ground floor as commercial purpose and other three floor for residential purpose - CIT(A) has rightly apportioned assessee’s deduction to 25% is to 75%; floor-wise.

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