Stamp duty claim

This query is : Resolved

haneefbengre (Querist)
Follow

08 May 2014 Sir,
one who(salaried person) buy a flat for self.through loan taken from bank and also paid Stamp duty.he can claim stamp duty in income Tax???

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

09 May 2014 no. you cannot......

haneefbengre

haneefbengre (Querist)
Follow

09 May 2014 Why not claim sir...can u clarify that details below.

Stamp Duty and Registration Charges for a home: The amount you pay as stamp duty when you buy a house, and the amount you pay for the registration of the documents of the house can be claimed as deduction under section 80C in the year of purchase of the house.

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

09 May 2014 yes. under 80c you will get under clause xviii(d). my plain reading was that you paid stamp duty for loan documentation...

haneefbengre

haneefbengre (Querist)
Follow

09 May 2014 thank you sir,.........................................

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

SARAVANAN PALANISAMY

GST Karimnagar state

Darshan

Krishnamohan Gangaraju

CA Bijo scaria

Subscribe Now

Stamp duty claim

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA