Tax alert: Deduction for investment in residential house available to co-owner of more than one residential house has been saved
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Tax alert: Deduction for investment in residential house available to co-owner of more than one residential house
6 June 2024
The Mumbai Bench of the Income-tax Appellate Tribunal, based on facts of the case, has held that joint ownership of two residential properties at the time of sale of original asset, would not deprive the taxpayer from claiming deduction from capital gains under section 54F of the Income-tax Act, 1961.
