Dear All,
Is there any kind of tax exemption as per present IT Act on purchasing a land.
Atleast for registration and stamp duty.
Thanks,
Ajay
Ajay (S/W Engineer) 10 June 2008
Dear All,
Is there any kind of tax exemption as per present IT Act on purchasing a land.
Atleast for registration and stamp duty.
Thanks,
Ajay
Prakash Yedhula (Lawyer) 10 June 2008
Deductions can b claimed under section 80 C of the IT Act
Sivadas Chettur (Chartered accountant) 24 September 2009
There is a provision for purchase of agricultural lands which would make you entitled to claim deduction from capital gains arising on sale of agricultural lands. See Sec54B. There is also a provision u/s 80C.
Sivadas Chettur B.COM FCA Ll.M
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