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.

Ganeshbabu K

Ganeshbabu K (Expert)
Follow

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

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now