Friday, May 3, 2019

Loans given for construction of individual residential houses won't make bank eligible for sec. 36(1)(viii) relief

IT: Construction/purchase of residential houses does not tantamount to Housing Development; no deduction would be allowed under section 36(1)(viii) in respect of income from loans given for individual residential houses

from www.taxmann.com Latest Case Laws http://bit.ly/2PIA3Ve

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