Stamp duty

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 February 2014 sir,i have purchased a residential plot with tamp of 74100 rupees on 24 july 2013. may i take benefit of this stamp duty or how in income tax ? is this concession on full stamp duty only for house purchase or a residential plot in fy 2013-2014?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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11 February 2014 July 24, 2014 has not yet come.
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We will have a new budget at that time so provisions may change.
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Deduction U/s 80C can be claimed in respect of the stamp duty paid during the course of acquiring a residential house. If you purchase a plot and construct a house property on that plot, then also stamp duty can be claimed. As the plot has been purchased for the purpose of constructing a house.
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