ADVOCATE /TAX CONSULTANT
53 Points
Joined July 2011
If you have bought a house, then there are certain charges that are required to be paid apart from the cost of house. According to the Income Tax Act, any stamp duty, registration fee and other expenses incurred for the purpose of buying a house is eligible for deduction from gross total income in the financial year in which these expenses are incurred. Here, 'other expenses' include any other statutory expenses similar to stamp duty or registration charges (if any applicable on transfer of prop ..