Deduction under 80C

KAILASH A. DANGADE (ACCOUNTS & FINANCE MANAGER)   (121 Points)

22 July 2010  

Dear All,

I have Income from Salary of Rs. 1, 61,250/- in Financial Year 2009-10.

As per My Form 16 my Total income Is Rs. 1, 46,273/- (Deduction under Section 80C Rs. 14,952/-)

TDS Deduct Rs. 853/-

I have other Income of Rs. 45,000/-

I have taken New Flat in last financial year for that i paid Stamp Duty & Registration Cost of Rs. 33,000/-

Can I take stamp Duty & Registration Cost as a Deduction from my Total Income?

Can I put both income (Salary & other) in my ITR1 & take Deduction of Rs. 47,952/- (14,952/- + 33,000/-) under section 80C.

Please reply on this.

 

Thanks

Kailash