Tax against property


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Querist : Anonymous

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Querist : Anonymous (Querist)
11 August 2012 Hi,

I have purchased a plot.Due to some paper problem I took Rs. 3 Lacs personal loan for 4 yrs. duration.

Is there any provision/way to get rebate against personal loan for plot purchase?

Please guide.


11 August 2012 No such provision under income tax. There is some provision of debt owed under wealth tax.

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 August 2012 Sir would you please elaborate debt owed under wealth tax.How I can get rebate under that?

24 August 2012 under wealth tax the NET wealth is counted for calculating the taxes. This is not so under Income Tax.


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