Embezzlement losses in charitable institutions remain allowable when misappropriation is established, irrecoverable, and not a specified-person benefi...
National long-distance undertaking status supports deduction where separately licensed infrastructure, resources, revenue, and expenditure establish c...
Agency reimbursement income follows contractual deposit-liability computation, while pending deposit collections do not constitute deemed-dividend loa...
Section 54F eligibility depends on residential houses owned by the assessee personally. A residential property owned by a company remains the company's asset and is not treated as owned by its director. Where the assessee also jointly owns a property with a spouse, counting that property still leaves only one residential house other than the property in which the qualifying investment is made. The disqualifying condition for ownership of more than one such house therefore does not apply, and the section 54F deduction remains available.
Section 54F eligibility depends on residential houses owned by the assessee personally. A residential property owned by a company remains the company's asset and is not treated as owned by its director. Where the assessee also jointly owns a property with a spouse, counting that property still leaves only one residential house other than the property in which the qualifying investment is made. The disqualifying condition for ownership of more than one such house therefore does not apply, and the section 54F deduction remains available.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4891 
