02 February 2012
Dear All Stamp duty and registration charges paid on purchase or construction of house property is allowable under sec 80c(2)(xviii)(d) of income tax act but i want to know 1) if one has not get the possession of his house but he has paid stamp duty and registration charges can he claim the same under sec 80 c 2) if one has not get the possession till jan 2012 but he is sure he will get possession before march 2012 can he claim stamp duty n regestration charges for F.Y. 2011-12
02 February 2012
What has to be seen is ,in both the situation's is whether income could have been chargeable under the head 'income from house property'. If the answer is yes, deduction under the cited section is possible otherwise not.
CAclubindia
