Deduction of Purchase of IP u/80C

31 August 2018

can I claim deduction of Rs.150000 for purchase of IP for Residential Purpose u/s 80C even if the stamp duty paid is less than Rs. 150000?

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4 Replies

Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 31 August 2018

under 80C dedcution of stamp duty and registration charges paid by assessee can be claimed

Mohd. Zeeshan (57 Points)
Replied 31 August 2018

is there any other deduction other than stamp duty and registration charges?

Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 31 August 2018

Yes

LIC, PPF, ULIP, Principal of housing loan contribution, etc.

(Guest)

PLEASE NOTE 😊 CBDT has further extended the due date of filing ITR till 5th September.

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