Stamp duty for house property

Tax planning 1121 views 3 replies

Can anyone help me to understand if i have purchase a house prop in py and paid stamp duty againt the registration. Can i cliam the amount paid as stamp duty as deduction under income from House property? Thank you!

Replies (3)

You can claim the same under Deductions under Chapter VI A i.e. 80C

But total deductions will be restricted to Rs one Lacs

Originally posted by : CA. Hemant Joshi
Can anyone help me to understand if i have purchase a house prop in py and paid stamp duty againt the registration. Can i cliam the amount paid as stamp duty as deduction under income from House property? Thank you!

Stamp duty, registration fees and other expenses incurred towards the cost of purchase or construction of a residential house property can be claimed u/s 80C. [80C (2)(xviii)(d)]
.
The income from such house property should be chargeable to tax under the head "Income from house property".


 

Stamp duty for second house can be claim under section 80(C) ??

Thanks


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