Recently I have purchased a flat with my father as a coower. The stamp duty that I paid for the same is Rs. 150000/-. Now since I can claim benefit on only Rs. 100000/- , is it possible that my father can claim for the other 50000/- ? Also to mention my father is a senior citizen. Any help is deeply appreciated.
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Query regarding tax benefits on stamp duty
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Assessee himself must pay such amount to claim deduction under section 80C . Deductions shall not be available to any other member within in the same family making the payment on behalf of the assessee
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