Stamp duty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 February 2014
sir,i have purchased a residential plot with tamp of 74100 rupees on 24 july 2013. may i take benefit of this stamp duty or how in income tax ? is this concession on full stamp duty only for house purchase or a residential plot in fy 2013-2014?
CA PARAS BAFNA
(Expert)
11 February 2014
July 24, 2014 has not yet come.
.
We will have a new budget at that time so provisions may change.
.
Deduction U/s 80C can be claimed in respect of the stamp duty paid during the course of acquiring a residential house. If you purchase a plot and construct a house property on that plot, then also stamp duty can be claimed. As the plot has been purchased for the purpose of constructing a house.
.
.
.
We will have a new budget at that time so provisions may change.
.
Deduction U/s 80C can be claimed in respect of the stamp duty paid during the course of acquiring a residential house. If you purchase a plot and construct a house property on that plot, then also stamp duty can be claimed. As the plot has been purchased for the purpose of constructing a house.
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