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
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
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 .
Kapadia Pravin is correct.
You will get deduction U/S80C even without having loan.
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