Stamp Duty & Registration Fee Exemption for Tax Saving

Save Share

This query is : Resolved

Nayana (Querist)

30 December 2008 Can I claim tax relief for the amount that I pay as registration fee and stamp duty for registering a house/property that I bought using a housing loan amount?

I have not received possession of flat yet, but I have already paid registration fee and stamp duty in the month July 2008. Please guide. & Also please mention can I show this money for saving tax in financial year 2008-2009.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

30 December 2008 In my view you cannot claim deduction u/s 80C(2)(xviii)since you have no possession over the property.

CA Chaitanya

CA Chaitanya (Expert)

30 December 2008 You can claim deduction u/s 80 c as you are the owner of the flat. And you can also claim the interest amount deduction under the head house property.

Nayana

Nayana (Querist)

30 December 2008 Thanks for your reply.
But if I get possession over the property in may 2009, will I be able to claim it next year (2009-2010) IT saving?

But date on registration certificate is July 2008.

Nayana

Nayana (Querist)

30 December 2008 Mr. CA Chaitanya thanks for your reply.

K V Subba Rao

K V Subba Rao (Expert)

30 December 2008 I support the view expressed by Sri Warrier after going thro detailed answer to a similar question in
https://www.capitalmarket.com/Cmedit/story11-37.asp?SNo=182997

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now