Stamp duty
This query is : Resolved
22 August 2011
CAN STAMP DUTY BE TAKEN AS DEDUCTION IN BOTH
1. U/S. 54
2. U/S. 80-C.
1. U/S. 54
2. U/S. 80-C.
22 August 2011
Not possible.
22 August 2011
1)If the assessee purchases a house with in the purview of section 54, stamp duty paid can be included in the cost to determine the value of reinvestment.
2) For the purpose of 80C deduction stamp duty can be claimed by virtue of section 80C(2) (xviii) (d) of the Income tax Act,1961.
2) For the purpose of 80C deduction stamp duty can be claimed by virtue of section 80C(2) (xviii) (d) of the Income tax Act,1961.
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