The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the income tax exemption under Section 54 of the Income Tax Act, 1961 is available to properties purchased in foreign countries as there is no condition in the provision that the property must be purchased in India prior to amendment in the provision in […]
The post Income Tax Exemption available for New House purchased in Foreign Countries: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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