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Deduction u/s 80c

Tax queries 429 views 1 replies

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..:)

Replies (1)

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


CCI Pro

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