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)
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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

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