Sec 80c deduction of stamp duty and registration charges

This query is : Resolved

Guest

Guest (Querist)

18 March 2012 Dear Sir,

Sec 80C provides for deduction of stamp duty and registration charges on purchase of new residential house property.

My query is whether this deduction is available only if residential house is purchased from a housing board or cooperative society or on loan from bank?

I mean If one person purchases residential property from other person and pays whole sales consideration, then whether the purchaser can claim deduction of stamp duty and registration charges or not?

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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21 March 2012 The wordings of the deduction are as below

Stamp Duty and Registration Charges:
Stamp duty charges and registration charges paid while purchasing a new house are eligible for tax deduction under Section 80C.

Now, what is the meaning of new house is to be looked into. This can be like this
1) New house means you are purchasing for the first time and no one stayed in that house previously.
2) New house means you are purchasing a house for the first time and that is new house for you.

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