section 80
This query is : Resolved
amit chopra
(Querist)
14 June 2011
dear professionals,
pls. confirm that the following deductions are allowed under if a women have "income from Salary"
1.Housing Loan Principal+Interest-30000.00
2.stamp duty + registration-100100.00
Stamp duty is paid for new floor occupied in feb'2011 financed by bank.
Pls. post reply.
b/rgds
amit chopra
pls. confirm that the following deductions are allowed under if a women have "income from Salary"
1.Housing Loan Principal+Interest-30000.00
2.stamp duty + registration-100100.00
Stamp duty is paid for new floor occupied in feb'2011 financed by bank.
Pls. post reply.
b/rgds
amit chopra
14 June 2011
Amit..Principal amount will be allowed deduction under section 80C for the purpose of 1 lac limit.
Interest is allowed as deduction under income from house property.
As regards, stamp duty, this is too allowed as deduction..just need to check the section..will update too asap
Interest is allowed as deduction under income from house property.
As regards, stamp duty, this is too allowed as deduction..just need to check the section..will update too asap
Message likes :
1 times
CA Mahendra modi
(Expert)
14 June 2011
Mr. Amit only Housing Loan Principal and Interest is allowed as deduction as u stated above,there is no provision in IT Act which allows deduction of stamp duty and registration charges.
14 June 2011
Mr Modi, nice to know your are tax expert...now check section 80C(2)(xviii)(d)of the Income Tax Act, 1961
It seems to are too eager to down show others and reply with your VAST KNOWLEDGE without checking any facts.
For the welfare of the community, please check facts before outwrightly challenging facts..God help Shree Cement Limited
It seems to are too eager to down show others and reply with your VAST KNOWLEDGE without checking any facts.
For the welfare of the community, please check facts before outwrightly challenging facts..God help Shree Cement Limited
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
