installments of plot
This query is : Resolved
14 April 2014
In the month of April 2013 I booked (Purchased) a plot (piece of land) on installments from a builder & developer. I am paying monthly installments. Do I get any tax deduction in this regard and under which section of income tax law.
15 April 2014
no...there is no deduction for purchase of plot.
Message likes :
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19 April 2014
NO, DEDUCTION NOT ALLOWED UNDER INOCME TAX ACT.
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