https://www.taxtmi.com/highlights?id=73131 LTCG - Deduction u/s 54 on investment made in five house properties - Amendment made available on the statute, vide the Finance (No. 2) Act, 2014 w.e.f. 01.04.2015 pursuant whereto the term “a residential house” had been substituted by “one residential house in India”, rather supports the fact that the restriction of making the investment in only one residential house had been made available on the statute only with effect from A.Y. 2015-16, and as such cannot be extended to the years prior to that. - AT en-us Tue, 21 Nov 2023 08:32:37 +0530 Tue, 21 Nov 2023 08:32:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73131 LTCG - Deduction u/s 54 on investment made in five house properties - Amendment made available on the statute, vide the Finance (No. 2) Act, 2014 w.e.f. 01.04.2015 pursuant whereto the term “a residential house” had been substituted by “one residential house in India”, rather supports the fact that the restriction of making the investment in only one residential house had been made available on the statute only with effect from A.Y. 2015-16, and as such cannot be extended to the years prior to that. - AT Highlights Income Tax Tue, 21 Nov 2023 08:32:37 +0530 https://www.taxtmi.com/highlights?id=73131