Regarding rebate
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 February 2014
Dear sir,
my friend has purchased a site in corporation area. Site was registered his name the registration expenses can claim as deduction in the salary & He loan taken for site purchase he can claim interest as deduction or not please give suggestion.
my friend has purchased a site in corporation area. Site was registered his name the registration expenses can claim as deduction in the salary & He loan taken for site purchase he can claim interest as deduction or not please give suggestion.
03 February 2014
He cannot claim 80C claim as well as deduction u/s 24B for interesr paid
.
.
Above deductions available only on loan taken for purchase or construction of house..and hence same is not available for purchase of site alone
.
.
Above deductions available only on loan taken for purchase or construction of house..and hence same is not available for purchase of site alone
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