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Income Tax - Highlights / Catch Notes

Home Highlights May 2020 Year 2020 This

Depreciation on letting out of building for business purposes - ...

Case Laws     Income Tax

May 26, 2020

Depreciation on letting out of building for business purposes - For the earlier assessment year, the assessee itself has offered income from letting out property as income from house property. As such, the assessee cannot have any grievance and is entitled to only deduction u/s. 24 of the I.T. Act.

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