The Income Tax Appellate Tribunal (ITAT) of Bangalore has allowed a claim of deduction under section 54/54F of the Income Tax Act on a house purchased by the assessee outside India. The Assessee Shri Rajasugumar Subramani is an individual who sold a site in Bangalore for a consideration of 2 crores. The assessee claimed deduction u/s. […]
The post Capital Gain Deduction allowable for House purchased Outside India: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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