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Income Tax - Highlights / Catch Notes

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Deduction u/s 54F on account of construction of house - the ...


Assessee Eligible for Section 54F Deduction; No Extra Tax Due as Only One Other Property Owned.

May 18, 2020

Case Laws     Income Tax     AT

Deduction u/s 54F on account of construction of house - the assessee doesn’ t have more than one house which is chargeable to tax under the head “ income from house property” other than the one residential house owned on the date of sale of original asset - No addition is warranted.

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