Tds query
This query is : Resolved
sunil aravind
(Querist)
04 September 2014
QUERY.1
1.Can we adjust the TDS (VIDE FORM 16B) Paid on sale of property from the total tax payable by me?
QUERY.2
2. Can i deduct the payment made for stamp duty and registration for the purchase of a commerical or residential property (either used for self or let out)from my total income.
QUERY.1
1.Can we adjust the TDS (VIDE FORM 16B) Paid on sale of property from the total tax payable by me?
QUERY.2
2. Can i deduct the payment made for stamp duty and registration for the purchase of a commerical or residential property (either used for self or let out)from my total income.
Rupesh Jain
(Expert)
04 September 2014
yes you adjust the tax payable agst form 16B.
and registration charge can deduct from income if you have residential house.
and registration charge can deduct from income if you have residential house.
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sunil aravind
(Querist)
04 September 2014
Cant we deduct the payment of stamp duty and registration charges for commercial property from my total income?
06 September 2014
No, section 80C(2)(xviii)(d)does not permit to avail such claim on commercial property.
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