80 c related queries

Tax queries 210 views 6 replies

1) Stamp duty and Registration Charges shall we Include in 80C if include how much amount we can take.

2) we can take the benefit of principal loan in 80C but we can avail the benefit of Intrest amount ?

Replies (6)

No, We can't take the benefit of the Interest Amount under section 80C.

The same shall be available under section 24(b) of the Income Tax Act - Income under the head House Property.

Stamp duty charges and reg charges paid shall be allowed as deduction under section 80C and would subject to maximum limit of 1.5 lakhs

Please explain your query related to Stamp Duty and Registration?

I second to above answer, moreover interest can be claimed as a deduction under section 80 EE subject to such conditions as specified there.

Dear Sir,

Thank for Replying me.

This is the bet platform to Resolve our Queries.

but the word is wroted stamp paper in that case we can avail stamp duty.


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