Deduction under section 80c
This query is : Resolved
26 December 2011
Is there any investment u/s 80C for which lock in period is less than 3 years?
26 December 2011
Yes. You can get deduction for an investment made for just 3 days.
In Section 80C there is one investment which is not required to follow lock-in period. It requires lock & key. If you pay stamp duty for the purchase of house and later on sale the house, you can realise your investment within a period of 2-3 days only.
.
You may get registered a new house on 30.03.2012 and sale it on 01.04.2012, you will get benefit of Section 80C against the registration fee and stamp Duty paid for the house.
.
Now it purely depends upon the luck, whether you will be able to realise the full cost of acquisition?
In Section 80C there is one investment which is not required to follow lock-in period. It requires lock & key. If you pay stamp duty for the purchase of house and later on sale the house, you can realise your investment within a period of 2-3 days only.
.
You may get registered a new house on 30.03.2012 and sale it on 01.04.2012, you will get benefit of Section 80C against the registration fee and stamp Duty paid for the house.
.
Now it purely depends upon the luck, whether you will be able to realise the full cost of acquisition?
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