Stamp Paper Exp. for House Purchase - Whether ded. U/s 80C?

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Purav (Querist)
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29 April 2010 An individual has purchased a house. He has incurred expense for stamp paper. Whether the above exp for purchase of stamp paper is allowable as deduction U/s 80C?

Aditya Maheshwari

Aditya Maheshwari (Expert)
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29 April 2010 Yes the following is allowable u/s 80C
(d) stamp duty, registration fee and other expenses for the purpose of transfer of such house property to the assessee,

but shall not include any payment towards or by way of—

(A) the admission fee, cost of share and initial deposit which a shareholder of a company or a member of a co-operative society has to pay for becoming such shareholder or member; or

(B) the cost of any addition or alteration to, or renovation or repair of, the house property which is carried out after the issue of the completion certificate in respect of the house property by the authority competent to issue such certificate or after the house property or any part thereof has either been occupied by the assessee or any other person on his behalf or been let out; or

(C) any expenditure in respect of which deduction is allowable under the provisions of section 24;

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