WILL AN ASSESSEE GET DEDUCTION FOR PURCHASE ON A NEW FLAT FOR THE WHOLE CONSIDERATION OR ONLY STAMP DUTY AND REGISTRATION???
SUPPOSE AN ASSESSEE PURCHASED A FLAT FOR RS.35 LAKHS(INCLUDING STAMP DUTY & REGISTRATION OF RS. 2 LAKHS)
SO UNDER SEC 80C WILL HE GET A DEDUCTION OF RS. 2 LAKHS OR RS 35 LAKHS??
I KNOW THE CEILING IS RS 1LAKH ONLY.. BUT I JUST WANT TO KNOW!!
THANKS..:)
Dear Sir,
Deduction u/s 80C is in regards to stamp duty and related registration fees only i.e. Rs. 2 lakhs.
Best Regards,
CA Lovely Arora
ca.lovelyarora @ gmail.com
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