Deduction of stamp duty
This query is : Resolved
12 January 2011
Hello Sir,
Suppose if i purchase a flat & paid a stamp duty for it.But possision of flat not recvd yet. Then when i an claim the deduction of stamp dty u/s 80? in the year of payment of duty or in the year of geeting the possision of flat?
Suppose if i purchase a flat & paid a stamp duty for it.But possision of flat not recvd yet. Then when i an claim the deduction of stamp dty u/s 80? in the year of payment of duty or in the year of geeting the possision of flat?
12 January 2011
In the year of payment of duty
12 January 2011
Deduction Inder Section 80 is available on payment basis as rightly said by Mr. Sanganeria.
12 January 2011
year in which expense is made
27 January 2011
Thanks a lot Sir.
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