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Income Tax - Highlights / Catch Notes

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Deduction u/s 54/54F - nothing in Sections 54/54F which require ...


Income Tax Act Sections 54 & 54F allow deductions for residential houses with multiple independent units. No specific construction required.

March 6, 2013

Case Laws     Income Tax     HC

Deduction u/s 54/54F - nothing in Sections 54/54F which require the residential house to be constructed in a particular manner - residential house consists of several independent units can be permitted - HC

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