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Income Tax - Highlights / Catch Notes

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Deduction u/s 54 /54F - investment was made in a residential ...

Case Laws     Income Tax

May 18, 2019

Deduction u/s 54 /54F - investment was made in a residential house outside India in AY 2013-14 - the legislative intent has been made explicit by inserting the amendment to require to purchase/construction of the residential property in India only with effect from 1st April 2015 - applicable prospectively - deduction allowed

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