Installments of plot

**zubair** (Querist) 14 April 2014 This query is : Resolved
In the month of April 2013 I booked (Purchased) a plot (piece of land) on installments from a builder & developer. I am paying monthly installments. Do I get any tax deduction in this regard and under which section of income tax law.

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Devajyoti Barman (Expert) 14 April 2014
Who are you?
You have three queries on three different topics but bases on IT issues only.

Dr J C Vashista (Expert) 15 April 2014
Contact CA/Tax consultants

malipeddi jaggarao (Expert) 15 April 2014
For purchase of plot alone, no tax exemptions are allowed. Come with your full identity as suggested by the experts.

Rajendra K Goyal (Expert) 15 April 2014
No tax benefit.

T. Kalaiselvan, Advocate (Expert) 15 April 2014
You may contact your auditor and proceed as per his advise in this regard.

R.V.RAO (Expert) 15 April 2014
as our LCI experts advised,there is no tax exemption or tax incentive if you buy a plot of land outright or in instalments.

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