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?
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Putting a heading on received mail
- Consolidated financials
- TDS on TRUST
- Reprocessing of rectification order AY 2025-26
- Section 50-fixed asset-->building ceases to exist
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
