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Deduction of stamp duty

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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?

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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