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Deductions from gross rent
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..... (1) The aggregate amount of deductions for the purposes of section 24 shall be the following:- (a) the amount of taxes levied by a local authority in respect of the property if....
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....the amount of any interest,- (i) on capital borrowed for the purposes of acquiring, constructing, repairing, renewing or reconstructing the property, or &nbs....
TaxTMI