Stamp duty exemption in sec 80c - reversal ?

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Milind (Querist)
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23 July 2014 Hello,

I want to claim exemption under sec 80C for the stamp duty paid to buy new flat last year in my name. I want to sell this flat after 3 years (lock in period as per Sec 54). My query is that the exemption of stamp duty under sec 80C valid only if the flat is NOT sold for next 5 years or is there not such restriction

Nikhil Kaushik

Nikhil Kaushik (Expert)
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24 July 2014 yes there is restriction of 5 years. please refer 80C(5)(iii)

Milind

Milind (Querist)
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28 July 2014 thank you for the confirmation

Nikhil Kaushik

Nikhil Kaushik (Expert)
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28 July 2014 you are welcome Milind....

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