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 ?
6 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 10 August 2019
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
Priya Kashyap
(Student)
(7053 Points)
Replied 10 August 2019
Did you sell any of your residential property before doing this? if yes, then tell it's complete details
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