Deduction under 80C

dear sir

 stamp duty and registration fees paid is allowable in the year of purchase.if u can show this in current financial year then u can claim it under sec.80C

and yes u can use itr 1 for both incomes.

regards

tarun rustagi

those expenses are related to House property..... Under Income from house property ,you can claim deduction for expenses incurred for intererest on housing loan ,in case of self occupaid house property. No other expenses you can claim.

dear karthi

i am not agreed with you.it is allowable under sec.80C but in the year of purchase or in which construction is completed.plz take a look of the section.

regards

tarun rustagi

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 only.

ITR 1 is for people having a salary (or pension) and having savings bank accounts, fixed deposits, National Savings Certificates (NSCs), or other interest bearing instruments.

So, in your case, you have no income from business & profession or from House Property; therefore you can show both income in ITR 1...

Regards

RAGHAV

You can show as a Deduction 80C...nd so u can claim 47952 as Deduction