STAMP DUTY


This query is : Resolved 

Quick Summary
This discussion clarifies stamp duty allowances for joint property purchases. It confirms that each joint owner can claim a deduction under Section 80C, up to a maximum of £150,000 per person, provided the property is a residential house. This applies even if the total stamp duty paid is £20 lakh for a property with five members.

(Querist)
10 March 2020 sir,
stamp duty allowed 150000/- each assess if joint property purchase total stamp duty paid 20 lakh 5 member
stamp duty allow 80 C [or only maximan limit 150000/-each member or 1 property)

10 March 2020 Yes, provided the property is a residential house, each join owner is eligible to get deduction U/s 80C.

MAYUR (Querist)
14 March 2020 each person 150000/- allowed ?


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