Hello Everyone
Under Chapter VIA Sec.80C deduction allowable to an assessee, if an assessee pay Stamp duty and registration fees regarding commercial property i.e. shop then he will eigible for deduction or not ?
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Sec.80c deduction
Replies (4)
No...It is only for New residential property.....i.e 1st time use
YA AGREE WITH ANS.
Get benifit only in it's a resident house property not for commercial propperty
no he will not get deduction
80C is for home loan repayment
I don't think author told anything about this.
if it is for loan then shop is not cover only home is cover
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