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STAMP DUTY DEDUCTION
can an individual take deduction on account of stamp duty paid for purchasing plot, construction of house has started on such plot in the same financial year.
Replies (5)
Stamp Duty payment is added to purchase cost of Land
I am talking about deduction under sec 80 c
No deduction
Stamp Duty and Registration Charges paid for residential house qualifies for deduction under section 80C, any expenses for paid residential plot does not qualify for tax deduction under Section 80C
in case if the construction is started on it in same financial year then deduction is available or not
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