Tds query

This query is : Resolved

sunil aravind (Querist)
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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.

Rupesh Jain

Rupesh Jain (Expert)
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04 September 2014 yes you adjust the tax payable agst form 16B.

and registration charge can deduct from income if you have residential house.

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sunil aravind

sunil aravind (Querist)
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04 September 2014 Cant we deduct the payment of stamp duty and registration charges for commercial property from my total income?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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06 September 2014 No, section 80C(2)(xviii)(d)does not permit to avail such claim on commercial property.

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