Tax benefit for registration amount paid for house

You can avaial the tax benefit of the registratino charges paid u/s 80C of the I-T Act.  However keep the challan of the stamp duty & registration chgs paid for future reference.

@ giridhar can you please explain how is it possible to take this benefit  u/s 80C

Under section 80C stamp duty, registration charges & any other expenses incurred to transfer the property to the assessee is allowed as a deduction.

Hi Ashish,

Please refer the section 80C of the I-T Act.  I have attached the relevant extracts below: The relevant sectino is 80C(2)(d)

(xviii)  for the purposes of purchase or construction of a residential house property the income from which is chargeable to tax under the head “Income from house property” (or which would, if it had not been used for the assessee’s own residence, have been chargeable to tax under that head), where such payments are made towards or by way of—

(d)  stamp duty, registration fee and other expenses for the purpose of transfer of such house property to the assessee,