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Income Tax - Highlights / Catch Notes

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Benefit of exemption u/s 54F - To what extent the deduction is ...


Tax Deduction Limits u/s 54F: Calculating Individual's Eligible Investment in Jointly Acquired Property with Daughter.

June 15, 2020

Case Laws     Income Tax     AT

Benefit of exemption u/s 54F - To what extent the deduction is allowable to the assessee because the residential house was acquired by the assessee jointly with his daughter - quantum of deduction to be decided in the present case u/s 54F after finding out these facts as to what is the amount of investment made by the assessee in the new house.

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