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Income Tax - Highlights / Catch Notes

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Exemption u/s. 54F - Since a house is called residential house ...

Case Laws     Income Tax

January 25, 2013

Exemption u/s. 54F - Since a house is called residential house with reference to the purpose of its users, it may not be necessary that somebody should live in it continuously. It is enough if it was a house for residence. A farmhouse is also a residential house. - AT

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