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Stamp duty value 80C

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soorya

21 Points Posted on 25 August 2022

can stamp duty value be added to acquisition cost or claimed under 80C

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Quick Summary

You can claim stamp duty under Section 80C if you've purchased a new, completed residential property within a housing society and haven't occupied it yet. This applies to new builds, not resale properties. Alternatively, you have the option to capitalise this cost. The choice between claiming under 80C or capitalising is yours to make.

Mahesh Shah

2478 Points Posted on 25 August 2022

It can be claimed u/s 80 C if,
it is new and completed property in housing society for residential purpose and assessee has yet not occupied the house , ( should not be resale)
alternatively,
capatilise it