Stamp duty paid to acquire flat registration

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 November 2011 Hi,

I want to know if we can file ITR for Stamp Duty Paid while Registration of new flat in 2010-11..

Is there any (%) which I should get back for Registration Stamp Duty payment or nothing.

Regards,
Rahul Sharma

Aditya Maheshwari

Aditya Maheshwari (Expert)
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22 November 2011 [Deduction in respect of life insurance premia, deferred annuity, contributions to provident fund, subscription to certain equity shares or debentures, etc.

80C. (1) In computing the total income of an assessee, being an individual or a Hindu undivided family, there shall be deducted, in accordance with and subject to the provisions of this section, the whole of the amount paid or deposited in the previous year, being the aggregate of the sums referred to in sub-section (2), as does not exceed one lakh rupees.

(2) The sums referred to in sub-section (1) shall be any sums paid or deposited in the previous year by the assessee-

(xviii) for the purposes of purchase or construction of a residential house property the income from which is chargeable to tax under the head "Income from house property" (or which would, if it had not been used for the assessee's own residence, have been chargeable to tax under that head), where such payments are made towards or by way of-

(d) stamp duty, registration fee and other expenses for the purpose of transfer of such house property to the assessee,