80c

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This query is : Resolved

CA Yugal Purohit (Querist)

28 June 2014 As per section 80C of Income tax, Stamp duty and registration fees paid for purchasing and construction of house can be claimed for deduction under this section.
one of my client has purchased a house and joint registry has been done in his and his father's name.
As his father have no taxable income ,therefore he wants to claim this full deduction alone. can he do this?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

29 June 2014 Issue is debatable. Claim it with the consent of your client and if disputed by ITO, try to establish with an affidavit that father has no means and taxable income and name is included in joint registry out of love and affection.

Rupesh Jain

Rupesh Jain (Expert)

30 June 2014 it is not clear from your that money who paid. if son paid the money then disput by the ito that he allow the 50% of amount for deduction u/s 80C.

as solution give by the mr Warrier you can follow.

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