Exemption of stamp duty paid for purchase of flat u/s 80c ?

I need clarification that one of my friend recently purchased 2 Bed Room Flat for Rs. 15.0 Lacs at hyderabad and he paid Rs. 1.00 Lac towards stamp duty at the time of Registration time.

Now the query is whether he can Avail the exemption U/S 80C towards the payment of Rs. 1.00 Lac stamp duty.

With Regards

B.sreenivasa Rao

Replies (7)

ACCORDING TO MY VIEW NO EXEMTION ON STAMP DUTY FOR LAND & BUILDING ITS MAY BE ADD IN THE VALUE OF PROPERTY

ALSO I SAY THAT THERE IS NO EXEMPION IN 80C FOR STAMP DUTY IN INCOME TAX

Dear b.sreenivasa rao brother

First of all 

Exemption is different from Deduction in Income Tax Act 

 

Ans : Yes, He can avail deduction u/s 80C of Income Tax Act,1961

As per 80C(2)(xviii)(d) 

(d)  stamp duty, registration fee and other expenses for the purpose of transfer of such house property to the assessee


so your frnd can avail deduction 80C.....!!!!!!!!!!

Thaks for oppurtunitylaugh

 

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...

THANKS MR. PHANI KUMAR VANVMALA

 

Dear Rao,

The amount of stamp duty paid at the time of registration of house can be claimed under Sec-80C. 

yes, ur friend can get deduction U/S 80C for stamp duty.

Corresponding can we capitalize the amount...

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