Decution U/s 80C
This query is : Resolved
25 March 2008
Can Stamp Duty amount deduction claim on Purchase of House Property.
1. If Purchased during the year
2. If Registered during the year
3.If Newely Hosue purchased
1. If Purchased during the year
2. If Registered during the year
3.If Newely Hosue purchased
25 March 2008
stamp duty amount paid will get dedcution on payment basis. so, obviously u will get deduction in the year in which house property is registered.
25 March 2008
Stamp duty paid is deductible in all the three cases on payment basis.
25 March 2008
u will get deduction in all the case mentioned above
25 March 2008
Yes Deduction Available
25 March 2008
STAMP DUTY AND REGN. EXP. INCURRED DURING THE PREVIOUS FIN. YEAR ON TRANSFER OF THE HOUSE IN THE NAME OF AN ASSESSEE IS DEDUCTIBLE UNDER 80 C UPTO RS. ONE LAKH ON PRODUCTION OF EVIDENCE OF PAYMENT.
R.V.RAO
R.V.RAO
25 March 2008
STAMP DUTY AND REGISTRATION CHARGES UPTO 1 LAKH IS ALLOWABLE ON PAYMENT BASIS ONLY
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