Rajan Gumnani (Service) (114 Points)
19 August 2010
I want to know if I can claim the stamp duty and registration charges cost as loss on house property.
The said property is under construction and possession is expected in 2 yrs.
Will I have to wait till end of 2 yrs to claim the benefit or the same can be claimed now?
Please let me know the relevant section/rule.
Dheeraj
(Learner)
(1100 Points)
Replied 19 August 2010
THE PROPERTY IS ON THE NAME OF BUSINESS OR PERSONAL?
Dheeraj
(Learner)
(1100 Points)
Replied 19 August 2010
NOW THERE WILL BE NO TREATMENT
& AT THE TIME OF SALE WHILE COMPUTING CAPITAL GAIN, U CAN ADD ALL THE REGISTRATION AND OTHER CHARGES IN COST OF PROPERTY TO GET NET CAPITAL GAIN
Rishab
(A.C.A.)
(155 Points)
Replied 19 August 2010
Exemption for payment of Stamp Duty and Registration Charges is available u/s 80C in the year of payment upto a maximum of Rs. 1,00,000/-
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