I registered a flat in OCT 2009 . Can I claim the registration charges of flat for the amount I paid for house registration ? If yes, what kind of exemption allowed and is there any limit on that?
Thanks & regards
Kumar
kumar (Executive) (99 Points)
30 July 2010I registered a flat in OCT 2009 . Can I claim the registration charges of flat for the amount I paid for house registration ? If yes, what kind of exemption allowed and is there any limit on that?
Thanks & regards
Kumar
Manoj BG
(Tax Professional and in Service)
(1795 Points)
Replied 30 July 2010
YES U CAN CLAIM REGISTRATION CHARGES OF FLAT UNDER 80C PROVIDED FLAT IS IN YOUR NAME OR U R CO-OWNER OF FLAT. MAXIMUM AMOUNT UNDER 80 DEDUCTION IS LIMITED TO RS.100000. THIS LIMIT IS AGGREGATE AND NOT SPECIFICALLY TO REGISTRATION CHAREGS.
REGARDS,
MANOJ
Harpreet
(* * * * * *)
(1670 Points)
Replied 30 July 2010
Actual amount towards registration of your plot, you can claim, any tax towards mcd like house tax and Standard Deduction and if taken home loan for the same then u can claim upto Rs. 150000/- maximum
CAclubindia
