Stamp Duty Charges eligible for deduction under Section 80C?

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Deepak Gupta (Querist)
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16 February 2011 Hi All,

I have purchased a plot from the builder and paid registry charges for transferring plot in my name.

I just want to ask whether registry charges paid is eligible for claiming deduction under Section 80C of the Income Tax Act?
(Just like registry charges paid for transferring apartment are eligible for deduction under Sec 80C)

Please reply its urgent.

Regards

Deepak Gupta

CA Ghanshyam Joshi

CA Ghanshyam Joshi (Expert)
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17 February 2011 (18) Any payment made towards the cost of purchase or construction of a new residential house property. The income from such property –
(i) should be chargeable to tax under the head “Income from house property”;
(ii) would have been chargeable to tax under the head “Income from house property” had it not been used for the assessee’s own residence.

(iv) Stamp duty, registration fee and other expenses for the purposes of transfer of such house property to the assessee.

The deduction is allowed for House Property and not for plot.

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