I have purchased a piece of land for construction of house in future
whether it can be allowed as deduction in self occupied house property or not ?
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deduction in house property
Replies (6)
no it's not allowed
stamp duty paid
Not at all
have you sold any property and now planning to to invest in another property by purchasing land and then constructing property on it . If yes it can be allowed provided that you construct the property within the specified time period of 3 years. else it won't be allowed
Did you sell any of your residential property before doing this? if yes, then tell it's complete details
good clarification and information
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