15 February 2011
I have purchase a Flat (in Resale) in F. Y. 2010-11 and paid stamp duty & registration fees Rs. 85,000 approx. I want to know whether I can claim this amount as Tax exemption for this year???? If yes, in which section??
15 February 2011
The amount you pay as stamp duty when you buy a house, and the amount you pay for the registration of the documents of the house can be claimed as deduction under section 80C in the year of purchase of the house.
CAclubindia
