Stamp duty

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 July 2011 A property jointly registered in the name of Husband & Wife. Stamp duty towards property registration paid. How the same can be claimed/rebate in the Individual statement of return.

The construction is under process of the registered property.

clarification Required

chetan soni

chetan soni (Expert)
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01 July 2011 It can be claim in the % basis or can be claim by single owner provided other should not claim this.

It will be decided on the basis of tax liability.

Querist : Anonymous

Querist : Anonymous (Querist)

01 July 2011 is there any fixed percentage for claim or can it be claimed equally by both the parties.

under what head / section can this be claimed during the current year

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chetan soni

chetan soni (Expert)
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01 July 2011 There is no specific rule of %, but it should be as per the payment disbursed by the individual.

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Querist : Anonymous

Querist : Anonymous (Querist)

01 July 2011 kindly clarify whether the exemption u/s 80c sub sec 2 clause xviii(d) can it be claimed in full over and above the 80c limit of Rs.1 lacs