80C - Registration charges & Stamp duty on House

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 June 2011 Hello Experts,

I have purchased a new house, which is under construction and will be completed in 2013. As per norms of housing loan from Bank, I have got the purchase agreement registered and paid stamp duty and registration charges on the same.

Now when I have submitted the same to my employer as deduction of proof U/s. 80C, I got a reply that I wont get any benefit/ deduction of such stamp duty and registration charges paid as the property is still under construction.

Please suggest any remedy. Thanks in advance.

CA MANOJ GUPTA

CA MANOJ GUPTA (Expert)
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03 June 2011 U ARE ENTITLED TO THE BENEFIT
TELL UR EMPLOYER THAT DEDUCTION IS AVAILABLE WHERE SUCH PAYMENT IS MADE IN RESPECT OF PURCHASE/CONSTRUCTION OF HOUSE
ELSE U CAN CLAIM THE BENEFIT IN UR IT RETURN
CA MANOJ GUPTA
JODHPUR
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