Decution U/s 80C

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This query is : Resolved

Rakesh (Querist)

25 March 2008 Can Stamp Duty amount deduction claim on Purchase of House Property.
1. If Purchased during the year
2. If Registered during the year
3.If Newely Hosue purchased

HARANATH

HARANATH (Expert)

25 March 2008 stamp duty amount paid will get dedcution on payment basis. so, obviously u will get deduction in the year in which house property is registered.

Vikas Garg

Vikas Garg (Expert)

25 March 2008 Stamp duty paid is deductible in all the three cases on payment basis.

CA O.P. SINGH

CA O.P. SINGH (Expert)

25 March 2008 u will get deduction in all the case mentioned above

Devendra Mishra

Devendra Mishra (Expert)

25 March 2008 Yes Deduction Available

R.V.RAO

R.V.RAO (Expert)

25 March 2008 STAMP DUTY AND REGN. EXP. INCURRED DURING THE PREVIOUS FIN. YEAR ON TRANSFER OF THE HOUSE IN THE NAME OF AN ASSESSEE IS DEDUCTIBLE UNDER 80 C UPTO RS. ONE LAKH ON PRODUCTION OF EVIDENCE OF PAYMENT.
R.V.RAO

CA Saurabh Maheshwari

CA Saurabh Maheshwari (Expert)

25 March 2008 STAMP DUTY AND REGISTRATION CHARGES UPTO 1 LAKH IS ALLOWABLE ON PAYMENT BASIS ONLY

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