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Deduction u/s 80-D & 80-C

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Querist : Anonymous

Querist : Anonymous (Querist)

17 July 2011 Hi,

1.What is the maximum amount of deduction can we take u/s 80-D.
Is it 15,000 or more?

2.Can we take deduction u/s 80C twds. payment made on registration/stamp duty for house.

Pls. advice

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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17 July 2011 Deduction U/s 80D is a 2 tier deduction.

One - for both of you and your dependent children.: Max. 15000
for parents: Max. 15000
If parents are Senior Citizen deduction of Max. 20000/ is available.
The deduction is available on payment basis only. You can claim thus 15000+20000=35000 Max. Where parents are senior Citizens.
.....

Yes U/s 80C deduction in respect of payment of stamp duty for acquiring the Residential House Property can be claimed.

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