Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Stamp duty deduction

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

16 July 2011 I booked one flat under construction and paid stamp duty of Rs. 50,000 at the time of registration of agreement to sale with builder in sept 2010. Due to some legal issues I cancelled the booking and also cancelled the agreement to sale in July 11. Whether I am eligible to claim deduction of Rs. 50,000 in financial year 2010-11 under section 80C with respect to stamp duty paid?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

16 July 2011 Stamp Duty , registration fee and other expenses are allowed U/s 80C if the same are incurred for the purpose of transfer
of "such" house property.

So there may be a supporting house property in your possession also, which has been referred here as " SUCH" House Property.

(It is not allowed for "JHOOTH" house property.-Humour)

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