Disallowance from Income from House Property

This query is : Resolved

Nirav (Querist)
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24 March 2010 Hi..........

Is there any provision under income tax law that if house sold within three years then invested amount in that hosu can be disallowed

sivadas chettoor

sivadas chettoor (Expert)
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24 March 2010 No such provision except in the area of capital gains...please make your question clear....

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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24 March 2010 Also there is a restriction of 5 years in section 80C(5)(iii) read along with section 80C(2)(xviii). Kindly check the sections in www.incometaxindia.gov.in and see whether your query fit into that section since the query need clarity.

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