Dear All
I purchased a flat in Aug 2011, paid stamp duty and claimed deduction u/s 80 C in FY 2011-12. I have bought another flat (Sep 2012) and paid stamp duty. Am i eligible for tax deduction u/s 80 (C) again this year.
Thanks
Vijay Sharma (DGM - Finance) (26 Points)
31 December 2013Dear All
I purchased a flat in Aug 2011, paid stamp duty and claimed deduction u/s 80 C in FY 2011-12. I have bought another flat (Sep 2012) and paid stamp duty. Am i eligible for tax deduction u/s 80 (C) again this year.
Thanks
Saurabh Jain
(Audit,Tax,ROC)
(22 Points)
Replied 31 December 2013
Dear Vijay,
As mentioned in Section 80C, there is no restriction on the number of houses against which the assessee is paying the stamp duty. The asssessee is eligible for the payment of stamp duty for the cause of transfer of house property to such assessee. Therefore, the amount paid as stamp duty is very much allowed for deduction under Section 80C.
Regards,
Saurabh
CA RAM AWASTHI
(Industrial Trainee)
(61 Points)
Replied 31 December 2013
Ayesha Soni
(ACCOUNTANT & AUDITOR)
(34 Points)
Replied 10 January 2014
Karen Rudhra
(Others)
(21 Points)
Replied 05 May 2015
Dear Sirs,
I have registered a property in the year 2013. The construction is going on and the handover is in June 2015.
As the possesion of the house is this year, can I claim the Registration fees and stamp duty paid earlier in this year's return?
thanks,
CAclubindia
