(Stamp Duty and Registration Charges for a home: The amount you pay as stamp duty when you buy a house, and the amount you pay for the registration of the documents of the house can be claimed as deduction under section 80C in the year of purchase of the house.)
I am quit confused at this provision, That whether stamp duty paid for purchase of plot. whether allowed as deduction u/s 80 C or not.
No Deduction is NOT Available for stamp duty paid on purchase of a Plot. Clause xviii (d) of Section 80C specifically provides for deduction in respect of stamp duty & registration fees in respect of House Property.
"stamp duty, registration fee and other expenses for the purpose of transfer of such house property to the assessee,"
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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