Deduction for stamp duty and registration fees

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

12 March 2012 Dear all,

I have purchased a house property in the current year by taking home loan and i have paid stamp duty of Rs.50000 and registration fees of Rs.10000.Now the question is can I claim deduction u/s 80C for principal paid on home loan,stamp duty and registration fees paid.
For e.g. If I have paid a sum of Rs.20000 for Principal then Can I claim total deduction of Rs.80000 u/s 80C (20000 Principal of Home loan + 50000 for Stamp duty +10000 for registration fees.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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12 March 2012 yes. under Section 80C. Principal amount repayment of housing loan and Stamp duty and registration fees eligible for deduction.so you can claim Rs.80000 total under 80C

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Mihir Doshi

Mihir Doshi (Expert)
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13 March 2012 Agree with Expert

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Querist : Anonymous

Querist : Anonymous (Querist)

14 March 2012 But thing is that when I will sell the property in future then I will add stamp duty and registration fees in to the cost of acquisition.Will it not be consider as double deduction
and what if I have taken home loan for stamp duty also then also can I take the deduction u/s 80C