Tag: #UnderConstructionProperty

Tax

Key date of residence for tax benefits: ITAT

May 25, 2024

MUMBAI: The Mumbai bench of the Income-tax Appellate Tribunal (ITAT) has concluded recently that, in the instance of an under-construction property, the date of possession is what counts toward qualifying for a tax advantage under section 54 of the Income-tax (I-T) Act. This decision is significant because it establishes a deadline for making an investment […]

Key date of residence for tax benefits: ITATmore