Thursday, December 12, 2019

Sec. 54 exemption is available if assessee purchases multiple residential units in same building

INCOME TAX: Position prior to 1-4-2015: Multiple residential units are included within sphere of section 54F

from www.taxmann.com Latest Case Laws https://ift.tt/2PdhhGL

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...