sir ,
I purchased A house in 2022-23 i not claimed Stampduty on buy a house may i can claim this stamp duty in yearv2023-24? it is eligible in current year deduction in income tax?
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Can claim deduction Stamp duty in another year
Replies (3)
Quick Summary
No, claimed in the financial year in which these expenses were incurred.But stamp duty part of cost of acquisition.
Cannot claim Stamp duty in another year.
80C for stamp duty: only in the year paid:
• Sec 80C(2)(xviii)(d) allows a deduction for stamp duty, registration fee and transfer expenses for the purchase of a residential house, in the year in which they're actually paid. You can't claim it in a later year.
• If you missed it in FY 2022-23, you could revise that year's return within the revision window (ended 31 December 2023). Now it's too late, and ITR-U can't be used to claim a deduction.
• The stamp duty still forms part of the cost of acquisition when you sell the house later (capital gains).
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