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16 March 2012 i have a gifted house of parental and one is owned house do i get rebate on tax under IT Act. pls advise
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CA Dileep Surya Kumar

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CA Dileep Surya Kumar (Expert)
16 March 2012 Out of two, you can claim one by your choice as Self occupied property..

There is no rebate under the IT act.

Gifts from relative( specified) are not taxable.


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