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Querist : Anonymous

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Querist : Anonymous (Querist)
03 June 2012 I have purchased house property and paid stamp duty and registration fees

house property 140000
stamp duty 1490
registration fees 7000


do i capitalized stamp duty and registration fees as house property ?

and also do can take exemption or deduction of both stamp duty and registration fees in any income tax act ?

pls guide me i need to file it return

04 June 2012 Please capitalise all

04 June 2012 1. The registration fees and stamp duty shall be capitalised and added to the cost of the house.

2. If you have availed a loan for purchasing the house property, then registration fees and stamp duty shall be allowed as deduction u/s 80C. Otherwise no deduction is available as of now.


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