Divya Priya (student) (333 Points)
22 January 2019
1. If you are buying property from a resident, deduct TDS @ 1%
2. If the land sold is a long term asset, you can claim deduction u/s 54F. provided on the date of transfer you do not own more than one residential house property.
3. I am assuming you are buying ready house. In that case. You can claim the principal on repayment of housing loan u/s 80C upto 1.5 lakh and interest u/s 24b as deduction
Divya Priya
(student)
(333 Points)
Replied 23 January 2019
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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