I purchased a flat this year and have made the following payments :
1. Advance to Builder : 84000
2. Stamp Duty : 91840
3. Registration : 20648
My query is can i claim the above payments for tax deduction? if yes under what sections?
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Tax Deduction Query : Stamp Duty and Registration for Flat
Replies (5)
advance is not appropriate word, but it would be payment towards cost of flat / property.
stamp duty and registration cost would get capitalized in cost of property.
all are deductible upto 1 Lacs under sec 80C
Thanks Sharma ji
what documents would i have to submit to claim deductions for above items? would the receipts for each amount be sufficient?
no documents required now for ITR submission ,
receipts and registration deed copies are enough for cost of registration,
for fees u have sumitted the same to registrar by DD, and have receipt also.
If i purchased a flat then, should i claim the deduction of stamp duty paid u/s 80C in the year of S.D. paid or in the year in which i got the possision of flat? plase reply immediatly.
| Originally posted by : U S Sharma | ||
 |
advance is not appropriate word, but it would be payment towards cost of flat / property. stamp duty and registration cost would get capitalized in cost of property. all are deductible upto 1 Lacs under sec 80C |
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