Investment of sale proceeds from depreciated asset into home qualify for tax benefit. State : Maharashtra / On : 7/1/2024 6:36:02 PM / In : Real Estate Investment of sale proceeds from depreciated asset into home qualify for tax benefit. MUMBAI: In a significant ruling, the Mumbai bench of the Income-tax Appellate Tribunal (ITAT) has clarified that tax benefits for investing in a residential residential property can be claimed even if the investment originates from the sale of a depreciated asset, such as an office unit. Read more at: https://realty.economictimes.indiatimes.com/news/regulatory/investment-of-sale-proceeds-from-depreciated-asset-into-home-qualify-for-tax-benefits-itat/112683412?action=profile_completion&utm_source=Mailer&utm_medium=newsletter&utm_campaign=etrealty_news_2024-08-22&dt=2024-08-22&em=YXJjaGl0ZWN0YXNoaXNoc2F3ZUBnbWFpbC5jb20= Read more at: https://realty.economictimes.indiatimes.com/news/regulatory/investment-of-sale-proceeds-from-depreciated-asset-into-home-qualify-for-tax-benefits-itat/112683412?action=profile_completion&utm_source=Mailer&utm_medium=newsletter&utm_campaign=etrealty_news_2024-08-22&dt=2024-08-22&em=YXJjaGl0ZWN0YXNoaXNoc2F3ZUBnbWFpbC5jb20= Category: Real Estate share this post: