Stamp duty paid is eligible for 80c
This query is : Resolved
24 August 2013
Sir,
My client is purchase house in f.y. 2012-13 in cash (not Finance in Bank) and paid stamp duty around rs. 80000/- can i claim deduction under section 80C
Regards
Amit K. Agarwal
Sir,
My client is purchase house in f.y. 2012-13 in cash (not Finance in Bank) and paid stamp duty around rs. 80000/- can i claim deduction under section 80C
Regards
Amit K. Agarwal
24 August 2013
Yes,,you can claim..
conditions:-
1)amount should be paid in previous year[80(C)(1)]
2)Stamp duty paid is for the purpose of transfer of house property to the assesse[80(C)(2)(xviii)(d)]
means
(i)house should be transfered in the name of assesse
(ii)Assesse must pay stamp duty
(iii)both (i) and (ii) above should occured in the year in which deduction under [80(C)(2)(xviii)(d)] claimed
conditions:-
1)amount should be paid in previous year[80(C)(1)]
2)Stamp duty paid is for the purpose of transfer of house property to the assesse[80(C)(2)(xviii)(d)]
means
(i)house should be transfered in the name of assesse
(ii)Assesse must pay stamp duty
(iii)both (i) and (ii) above should occured in the year in which deduction under [80(C)(2)(xviii)(d)] claimed
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