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?
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.
.
.
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
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- Bank Accounts in Balance Sheet for ITR 3
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
