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Benefit property purchase in it act
Any it person any property purchase in relative names(like parents, childrens)or jointly name or own name benefit in it act.
Replies (2)
Quick Summary
no, IT act does not give any benefit to those registering property in the name of his friends or relatives
Which type of benifit u r asking.
If it's on bank loan, than owner can claim interest and principal deduction under IT act
If it's on bank loan, than owner can claim interest and principal deduction under IT act
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