Stamp duty and registration charges on power of attorney, eligible for tax benefit under 80c?

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26 Points Posted on 22 December 2018

Hi, 

I am a Salaried employee from TamilNadu. I am planning to get a home loan. I have below queries.

  1. To approve home loan will the banks ask for Power of attorney?
  2. If yes, will the Power of attorney involve Stamp duty and Registration charges?
  3. If yes, Stamp duty and Registration charges on Power of attorney, eligible for tax benefit under 80C? 

Thanks,

Manoj

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On 22 December 2018 at 20:39 Report
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student
78 Points Posted on 22 December 2018
Stamp duty and registration charges are not eligible for tax benefit under 80C
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On 22 December 2018 at 21:24
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63 Points Posted on 25 December 2018
let us know under which section it is exempted and till for how many years v can carry forward
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On 25 December 2018 at 10:26
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26 Points Posted on 26 December 2018

Clear tax says we have tax benefit for Stamp duty and registration charges 

https://cleartax.in/s/registration-charges-stamp-duty-exemption-on-property

 

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On 26 December 2018 at 18:57
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CA in Practice
116 Points Posted on 26 December 2018
Section 80C deduction in respect of Stamp Duty is only available for Purchase of First House Property i.e. stamp duty for purchase of house property can only availed as deduction u/s 80C. Therefore in your case deduction can't availed.
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On 26 December 2018 at 19:38
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63 Points Posted on 27 December 2018
what documents shall we submit to claim this
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On 27 December 2018 at 10:56

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