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Residential Property Use Not Limited to Residence, Exemption if Let Out 300+ Days per Year: Wealth-tax Act Sec 2(ea)(i)(4.

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....Section 2(ea)(i)(4) of the W.T Act does not contemplate the usage of residential property only for residential purpose. We find that this section only says the residential property that has been let out for a minimum period of three hundred days in a previous year is eligible for exemption. - AT....

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