Deduction allowed u/s 80c
This query is : Resolved
12 September 2011
I have 2 queries:
1. Is deduction allowed u/s 80C for Transfer fees paid to Co-op Hsg Soc for the flat purchased ?
2 If one purchase 2 flats togather, is Stamp Duty & Registration Expenses incurred for both the property allowed for deduction u/s 80C or only one?
1. Is deduction allowed u/s 80C for Transfer fees paid to Co-op Hsg Soc for the flat purchased ?
2 If one purchase 2 flats togather, is Stamp Duty & Registration Expenses incurred for both the property allowed for deduction u/s 80C or only one?
12 September 2011
i) No, because section 80C (2)(xviii) (d), read along with exlusion clause (A) therein ,is menat for payment to govt. like stamp duty,registration fee etc.
ii) No, because the language used in the above said section is singular.
ii) No, because the language used in the above said section is singular.
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