Hi all,
I am planning to get my land (in coimbatore) approved from DTCP (TamilNadu).
Will the charges we pay for DTCP home layout approval is eligible for Income Tax Deduction, under any section 80C or 80EE, etc...??
Thank you
Thanks,
Manoj
Menu
Does dtcp approval (tamilnadu) charges eligible for income tax deduction
Replies (3)
all expences which are directly related to the transfer to assets are allowed as a deduction under Section 80C (2) (xviii) (d) of the Income-tax Act, 1961, up to a limit of Rs1.5 lakh. For example Stamp duty & registration charges.
Hi Sunil,
Thank you for the reply
In my case, there is no transfer of assets. I am owning a land which is unapproved by Govt, I am getting it approved from DTCP (Directorate of Town & Country Planning) of Tamil Nadu. For this I have to pay charges (~Rs.50,000/- based on plot size) to Govt.
This charge is not Stamp duty or registration charges. But is this allowed for tax deduction??
Thanks,
Manoj
If it is not related to the transfer of property then it will not be allowed as deduction under section 80C.
Recent Topics :
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
Related Topics :
CAclubindia
