This discussion clarifies whether stamp duty paid when creating a Mortgage Deed (MOD) for a housing loan can be claimed under Section 80C of income tax. The consensus is that it cannot be claimed as an exemption. This is because the stamp duty is for securing the loan, not for the 'transfer of property to the assessee' as required by Section 80C(2)(xviii)(d).
03 March 2020
Can we Claim exemption u/s 80C for the Stamp Duty Paid for the purpose of Creating MOD, against the housing loan taken for the Construction of Residential House ?