Hariharan (Consultant) (54 Points)
29 January 2015Hi,
Could you please elaborate on the tax concessions available for house registration charges. Does all charges paid to registrar office are exempted including the construction agreement charges applicable in TN state. Does MOD(mortgage deed) charges that are paid to state govt are exempted. Does home insurance amount qualify for any tax concessions. Please provide detailed clarifications.
Regards,
Hariharan.
Rajagopalakrishnan R
(PARTNER)
(1422 Points)
Replied 29 January 2015
Stamp Duty and registration charges on purchase of a residential house qualifies for exemption u/s 80 c along with other items like insurance premium Pf PPF etc.Mortgage deed chargesfor availing home loan does not qualify here. There is no exemptions or deductions for home insurance.
Hariharan
(Consultant)
(54 Points)
Replied 06 February 2015
Can the stamp duty and registration charges be claimed for tax exemption even if the house in under constuction?
Regards,
Hariharan.
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