Stamp Duty paid - 80C

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Stamp Duty paid on the purchase of a residential property can be claimed as a deduction under Section 80C of the Income Tax Act. However, Stamp Duty paid for the purchase of a shop is not eligible for this deduction. If you claim Stamp Duty for a residential property under 80C, it's treated as an investment, but this benefit can be revoked if the property is sold within five years.

Piyush

Piyush (Querist)

04 December 2021 Stamp Duty paid for Purchase of Residential property can be claimed under sec80C.
Can we claim Stamp Duty Paid for purchase of shop as deduction under Sec 80C?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

04 December 2021 No. Not eligible.

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Ashiwini Ballodia

Ashiwini Ballodia (Expert)

04 December 2021 @Dhirajlal Sir Is double benefits allowed for stamp duty of residential property 1) Capitalised in books of accounts 2) claiming exemption under 80c for same

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Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

05 December 2021 Yes, it can be treated as investment equivalent to other investments allowed in the same section, with the condition that it can get revoked if house property sold before 5 years.

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