Deduction u/s. 54F - the amendment in the provisions of s. 54(1) ...

Case Laws Income Tax

October 27, 2022

Deduction u/s. 54F - the amendment in the provisions of s. 54(1) replacing the word “a residential house” by “one residential house” was brought in Finance (No.2) Act, 2014 w.e.f 01.04.2014 and will apply for A.Y 2015-16. The relevant assessment year before us is 2013-14 and hence, the assessee is eligible for claim of deduction u/s. 54F though there may be multiple units. - AT

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Deduction u/s. 54F - the amendment in the provisions of s. 54(1) ...

Case Laws Income Tax

October 27, 2022

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