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This query is : Resolved

Querist : Anonymous

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

Ca Anand Dubey

Ca Anand Dubey (Expert)
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04 June 2012 Please capitalise all

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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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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