I am retired housewife (64 years). I have bought a flat taking bank loan 2 days back. Can I deduct stamp duty, registration charges and sundry expenses -
a) directly as expenses from my total income (pension, interest) during the year or
b) u/s 80C?
Menu
Stamp duty deduction from income
Replies (4)
NO MAM, U CANT DEDUCT THEM AS EXPENSES.... STAMP DUTY AND OTHER CHARGES WILL BE INCLUDED IN THE COST OF THE HOUSE,as a cost of acquisition (COA), when u sale this house it will reduce from sale value while calculating capital gain...IN INCOME TAX.
Stamp duty and registration charges paid towards transfer of house property can be claimed as deduction u/s. 80C subject to the overall limit of Rs. 1,00,000/-.
Stamp duty and registration charges paid towards transfer of house property can be claimed as deduction u/s. 80C subject to the overall limit of Rs. 1,00,000/-.
Recent Threads
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
- Only a Few Pages Indexed by Google Despite Sitemap
Related Threads
CAclubindia
