whether under 80c deduction for registeration and stamp duty available for acquisition of house property
few people say yes few no.
if yes what is the condition
2nd ques
if a business has both manufacturing and trading activity and its manufacturi g activity is onwe where 100% tax deduction under givesn gor first 5 year then wil I have to tax only trading avtivity or do I have to manufacturing under mat and trading noth noth and normal calculation to know my tax liability
Menu
hp and mat query
Replies (9)
I did not understand your query at all
Regarding your first question: Those who said YES is correct. Registration fees and stamp duty is allowable as deduction u/s 80C.
Your 2nd question is not clear so cannot answer.
Your 2nd question is not clear so cannot answer.
2nd ques is mat is applicable or not if 80ie deduction given to any manufacturing unit in sez
as per 80ie deduction is 100% for first 5 year but I have query will mat tax I have to pay or full exemption from tax
stamp duty alone mentioned in 80c
yes mat has to be paid..we will not give any deduction under ch vi a for the purpose of mat calculation
further,deduction allowed for registration and stamp duty under 80c
I heard 80 c above said deduction only when we sell property not before it
it's allowed at the time of acquisition as well..
Recent Topic
- GST on Post-OC Installments – Payment Milest
- Sec-54F exemption and Carry forward losses
- FEMA treatment — USD gift from LRS-funded fo
- RSU and Schedule FA related
- ELIGIBILITY FOR COMPOSITION SCHEME
- Doubt regarding the purpose of Section 52(3) of Co
- 112 A Filling
- Long Term Capital Loss in ITR2
- LOAN INTEREST BENEFIT ON NEW TAX REGIME
- Retirement funds under new tax regime
Related Topics
CAclubindia
