Registration and stamp duty deduction under 80c
This query is : Resolved
22 May 2012
We (My wife and me) have bought a flat and paid registration charges of Rs181,000/- and stamp duty of Rs30,000/-. The limit under 80C is of Rs100,000/-.The flat is registered in both my wife and my name. So is it right that we both can claim deduction of Rs100,000/- each, as the total sum paid for registration and stamp duty is Rs211,000/-. Please help.
22 May 2012
yes, both can claim the deduction,
22 May 2012
Thanks Navin for your prompt reply.
I was really tensed about making another investments by year end of Rs100,000/- each to save tax. :)
I was really tensed about making another investments by year end of Rs100,000/- each to save tax. :)
22 May 2012
CAN YOU TELL WAHT IS RATIO IN THE PROPERTY OF BOTH, HUSBAND AND WIFE?
22 May 2012
We are keeping it at 60-40......my wife earns more than me, so her share is 60% and mine 40%........
We will keep the EMI contribution also in the same ratio
We will keep the EMI contribution also in the same ratio
22 May 2012
DEDUCTION U/S 80C ALSO AVAILABLE IN SAME RATIO.
23 May 2012
R U IN JOB?
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