80C of income tax
This query is : Open
17 February 2011
Please tell me for deduction under section 80C in this particular case
A has purchased a house property from B. A has paid stamp duty charges of Rs. 80,000. But on stamp duty receipt of Rs. 80000/- payment has been received from B. Whether A is eligible for Rs. 80,000/- stamp duty payment(but receipt is in favour of B) in year of purchase under 80C. if not, then 80C describes which stamp duty charges
A has purchased a house property from B. A has paid stamp duty charges of Rs. 80,000. But on stamp duty receipt of Rs. 80000/- payment has been received from B. Whether A is eligible for Rs. 80,000/- stamp duty payment(but receipt is in favour of B) in year of purchase under 80C. if not, then 80C describes which stamp duty charges
17 February 2011
In my opinion, since A is purchasing the property, A can get 80C benefit for stamp duty paid only if the stamp duty receipt is in the name of A.
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