80C - Registration charges & Stamp duty on House
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 June 2011
Hello Experts,
I have purchased a new house, which is under construction and will be completed in 2013. As per norms of housing loan from Bank, I have got the purchase agreement registered and paid stamp duty and registration charges on the same.
Now when I have submitted the same to my employer as deduction of proof U/s. 80C, I got a reply that I wont get any benefit/ deduction of such stamp duty and registration charges paid as the property is still under construction.
Please suggest any remedy. Thanks in advance.
I have purchased a new house, which is under construction and will be completed in 2013. As per norms of housing loan from Bank, I have got the purchase agreement registered and paid stamp duty and registration charges on the same.
Now when I have submitted the same to my employer as deduction of proof U/s. 80C, I got a reply that I wont get any benefit/ deduction of such stamp duty and registration charges paid as the property is still under construction.
Please suggest any remedy. Thanks in advance.
03 June 2011
U ARE ENTITLED TO THE BENEFIT
TELL UR EMPLOYER THAT DEDUCTION IS AVAILABLE WHERE SUCH PAYMENT IS MADE IN RESPECT OF PURCHASE/CONSTRUCTION OF HOUSE
ELSE U CAN CLAIM THE BENEFIT IN UR IT RETURN
CA MANOJ GUPTA
JODHPUR
09828510543
TELL UR EMPLOYER THAT DEDUCTION IS AVAILABLE WHERE SUCH PAYMENT IS MADE IN RESPECT OF PURCHASE/CONSTRUCTION OF HOUSE
ELSE U CAN CLAIM THE BENEFIT IN UR IT RETURN
CA MANOJ GUPTA
JODHPUR
09828510543
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Banking Related Issue
- ASMT-10 received from A O
- ITR-3 File/Error Found
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Difff in ais receipts and gst turnover
- Gst on travel by air for business purposes
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
