Tax compution on stamp duty
This query is : Resolved
Srikant Rout
(Querist)
10 April 2013
Dear All,
One employee has purchased new residential house property in July 2012 & Stamp duty has been paid of Rs.1 Lacks.Is it qualified for the purpose of section 80C for the tax computation of the F.Y.2012-13?
Here is one clause in the section 80C
"stamp duty,registration fee and other expenses for the purpose of transfer of such house property to the assessee."
Kindly give your valuable inputs.
Srikant
One employee has purchased new residential house property in July 2012 & Stamp duty has been paid of Rs.1 Lacks.Is it qualified for the purpose of section 80C for the tax computation of the F.Y.2012-13?
Here is one clause in the section 80C
"stamp duty,registration fee and other expenses for the purpose of transfer of such house property to the assessee."
Kindly give your valuable inputs.
Srikant
SANJAY TALATI
(Expert)
11 April 2013
Yes, the stamp duty , registration fees etc. paid at the time of purchase of the residential house is deductible under sec. 80 C.
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