Hi Experts,
On purchase of residential flat, can we get Deduction under 80C for the amount paid for registration and stamp duty of the property?
Considering that there is no housing loan involved in the purchase
Menu
80 C Deduction on Stamp duty and Registration of property.
Replies (4)
Quick Summary
No you cannot get such deduction under section 80C
As per section 80 (c) (2) (xviii) (d) of the Income Tax act 1961 , any sum paid during the previous year for Stamp duty , and registration fees for the purpose of transfer of house property , you will get deduction maximum up to 1 lac 50 thousand while computing total income being an individual .
Just confirm with other also .
It's deductible...
stamp duty, registration fee and other expenses for the purpose of transfer of such house property to the assessee,
stamp duty, registration fee and other expenses for the purpose of transfer of such house property to the assessee,
Kapadia Pravin is correct.
You will get deduction U/S80C even without having loan.
Recent Topics :
- Company 3 months old, INC-20A not filed, all 3 of
- How do I choose the Best GST Lawyers in New Delhi
- Loss on sale of residential flat after indexing al
- Short Deduction
- Large mismatch between AIS Business Receipts and G
- Income tax on Australian Stipendiary Steward on 3
- INCOME TAX SECTION 92E
- Queries on Tax Invoice and GST
- Income Tax Auditor Tenure for Small Companies
- Sec 8 company sec 12ab reg
Related Topics :
CAclubindia
