Wednesday, February 26, 2020

Wife eligible for Capital Gain Deduction towards House purchased in Husband’s Name: ITAT [Read Order]

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the wife is eligible for deduction under section 54 of the Income Tax Act for the investment in a house in the name of her husband. The assessee had sold 76 cents of land at Tharanallur village, Trichy on 25.02.2008 and re-invested […]

The post Wife eligible for Capital Gain Deduction towards House purchased in Husband’s Name: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.



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