80c deduction
This query is : Resolved
10 June 2015
MY ASSESSEE FOR CONSTRUCTION OF HOUSE PROPERTY PURCHASE ONE LAND. CONSTRUCTION IS NOT STARTED TILL NOW AND WILL START IN FUTURE.
CAN HE CLAIMED STAMP DUTY UNDER SECTION 80C IN THE YEAR OF PURCHASE?
CAN HE CLAIMED STAMP DUTY UNDER SECTION 80C IN THE YEAR OF PURCHASE?
CMA MALHAR BEHERA
(Expert)
10 June 2015
Yes. As per section 80C this deduction can only be claimed in the year the actual payment is made towards these expenses.
10 June 2015
SIR BUT 80C ALLOWED ONLY FOR THE PURCHASE OF RESIDENTIAL HOUSE PROPERTY AND NOT ALLOWED OPEN PLOT AND MY ASSESSEE PURCHASE OPEN PLOT AND CONSTRUCTION IS YET TO BE STARTED IN FUTURE.
Nikhil Kaushik
(Expert)
10 June 2015
abhi. you are correct in your assessment of the provisions of section 80c. you cannot claim the deduction.
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