VInish Singhal (student) (27 Points)
02 August 2017
CMA Poornima Madhava
(CMA)
(13102 Points)
Replied 02 August 2017
As I understand, it is allowable as deduction on completion of construction of house property. Vacant land as such is not a house property.
VInish Singhal
(student)
(27 Points)
Replied 02 August 2017
Gourav Modi
(21 Points)
Replied 02 August 2017
CMA Poornima Madhava
(CMA)
(13102 Points)
Replied 02 August 2017
As I understand, such payments cannot be claimed as deduction u/s 80C
RAJA P M
("Do the Right Thing...!!!")
(127641 Points)
Replied 02 August 2017
| Originally posted by : VInish Singhal | ||
 |
https://cleartax.in/s/registration-charges-stamp-duty-exemption-on-property please go through this. suppose i paid stamp duty in the month of march for a vacant residential plot and it took more than a year to construct it, the how will i be able to take benefit of this section because its allowed only in the year of payment? |
 |
Dear Vinish Singhal.,
The Clear Tax website said its Very Clealy... I show this is here...
"If you have purchased or constructed a house property you might be wondering about stamp duty exemption. Stamp duty & registration charges and other expenses which are directly related to the transfer are allowed as a deduction under Section 80C. The maximum deduction amount allowed under this section is capped at Rs.1,50,000.
RAJA P M
("Do the Right Thing...!!!")
(127641 Points)
Replied 02 August 2017
| Originally posted by : VInish Singhal | ||
|
https://cleartax.in/s/registration-charges-stamp-duty-exemption-on-property please go through this. suppose i paid stamp duty in the month of march for a vacant residential plot and it took more than a year to construct it, the how will i be able to take benefit of this section because its allowed only in the year of payment? |
|
Dear Vinish Singhal.,
The Clear Tax website said its Very Clealy... I show this is here...
"If you have purchased or constructed a house property you might be wondering about stamp duty exemption. Stamp duty & registration charges and other expenses which are directly related to the transfer are allowed as a deduction under Section 80C. The maximum deduction amount allowed under this section is capped at Rs.1,50,000.
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