House property exemption expanded to two houses, holding period extended to two years under Income-tax amendment. Amendment replaces references to "one house/one" with "two houses/two" and changes "other than the house" to "other than the house or houses", and extends ... Summary
House property exemption expanded to two houses, holding period extended to two years under Income-tax amendment.
Amendment replaces references to "one house/one" with "two houses/two" and changes "other than the house" to "other than the house or houses", and extends the qualifying holding period in the provision from one year to two years, effective from the appointed date in the Finance Bill.
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