Stamp Duty & Registration 80C

This query is : Resolved

Yajuvendra Rawat (Querist)
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08 June 2011 Dear Sirs & Friends,

I and my wife have a joint account in bank and from that account we had made payment of Stampduty & Registration of our flat. Please let me know as who is eligible to claim the 80C deduction, my wife or me, we both are salaried individuals and are taxable in F.Y. 10-11. Is it also possible that i can claim stamp duty & my wife Registration expenses U/s 80 C. Please help me in the same.

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
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08 June 2011 In case the flat is owned by you both jointly then both of you may claim the deduction in the ratio of amount spent which in any case will not exceed the total expenses incurred on stamp duty and registration charges. Otherwise, it is only the owner who may claim the deduction subject to the condition that amount spent is justifiableby him or her.