Deduction of stamp duty on house under Section 80C
This query is : Resolved
07 March 2009
Stamp duty & registration is deductible under 80C, However under a condition that residential property is liable to tax under income from house proerty. Residential ouse property shall be laible under income from house prpert only when construction is completed.Question is whether stamp duty paid before completion of consrtuction is eligible for deduction after ccompletion of construction? Or can it be claimed before completion of construction?
07 March 2009
The deduction under Section 80C for stamp duty and registration charges is available only if the house property in question is possessed by the end of the same financial year.
Also, this deduction, unlike the interest payable during construction period, is lost forever if not utilised during the same financial year.
Source:
http://www.rediff.com/getahead/2006/jan/18home.htm
The deduction under Section 80C for stamp duty and registration charges is available only if the house property in question is possessed by the end of the same financial year.
Also, this deduction, unlike the interest payable during construction period, is lost forever if not utilised during the same financial year.
Source:
http://www.rediff.com/getahead/2006/jan/18home.htm
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