Wednesday, July 8, 2020

Past Electricity and Water Bills can’t be Proof for Construction of House for the purpose of Capital Gain Deduction: ITAT [Read Order]

The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has recently held that past electricity and water bills cannot come to the aid of the assessee to demonstrate the existence of the constructed house at the time of sale for availing capital gain deduction under section 54F of the Income Tax Act, 1961. The […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2Zc6x0z

No comments:

Post a Comment