22 February 2011
Can amount spent on Registration expenses on Purchase of a House property be claimed as a deduction u/s 80C. Note: No Housing loan is taken
22 February 2011
Payment towards the cost of house property, for the purpose of section 80C, will include stamp duty, registration fee and other expenditure for the purpose of transfer of house to the assessee.
22 February 2011
Section 80(2)(xviii)(d) clearly prescribes that stamp duty, registration fee and other expenditure for the purpose of transfer of house to the assessee are deductible U/s 80C. There is no pre-condition of housing loan in availing the deduction for the payment towards above purposes.
23 February 2011
With due respect to both the experts, I am just partially differing because expenses for every House property are not eligible u/s 80C but these are eligible only for 'residential house property'. Therefore, if, expenses were incurred for residential house property, I agree with both the experts but if expenses are incurred for other house property, deduction will not be available.
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