Help
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 June 2012
I have purchased house property and paid stamp duty and registration fees
house property 140000
stamp duty 1490
registration fees 7000
do i capitalized stamp duty and registration fees as house property ?
and also do can take exemption or deduction of both stamp duty and registration fees in any income tax act ?
pls guide me i need to file it return
house property 140000
stamp duty 1490
registration fees 7000
do i capitalized stamp duty and registration fees as house property ?
and also do can take exemption or deduction of both stamp duty and registration fees in any income tax act ?
pls guide me i need to file it return
04 June 2012
Please capitalise all
04 June 2012
1. The registration fees and stamp duty shall be capitalised and added to the cost of the house.
2. If you have availed a loan for purchasing the house property, then registration fees and stamp duty shall be allowed as deduction u/s 80C. Otherwise no deduction is available as of now.
2. If you have availed a loan for purchasing the house property, then registration fees and stamp duty shall be allowed as deduction u/s 80C. Otherwise no deduction is available as of now.
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
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Tax on Deemed Capital Gain
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
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
