A salaried person bought a flat in F.Y 2023-24. He tooks a loan for it and payment as been done by him only. however The flat is registered in the name of him and as well as his mother also..
In the balance sheet of that salaried person , should I show 50% of property value or 100% property value ?
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ITR 3 _ HOUSE PROPERTY_Balance Sheet
Replies (7)
Declare 50:50 ownership in both.
No ITR has been submitted in his mother name till yet and
one more question. Can I add stamp duty , registration fees , and processing fee in cost of property. ?
one more question. Can I add stamp duty , registration fees , and processing fee in cost of property. ?
- No need. she remains co-owner
- Add stampduty & registration charges to its cost.
Thank you clarification sir. After adding In cost.. I can claim deduction U/s 80c for stamp duty and registration fees . ??
No. If you claim deduction, it cannot be capitallized.
Ok sir thanks a lot
You are welcome.
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