Stamp duty for 2nd house which is a resale property, ready possession paid in Feb 2018, can 1.5 lac be claimed for tax deduction under section 80c for Stamp duty charges paid?
Pre-emi of 37000 Rs for March 2018 paid for above property loan, can it be claimed for tax deduction under section 24??
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Tax deduction under 24 and 80c
Replies (3)
1. Deduction of Rs. 1.50 lakhs for stamp duty paid will be allowed under section 80C.
2. Interest paid on loan taken will be allowed under section 24b both pre and post acquisiton
for more detail refer section 24b.
2. Interest paid on loan taken will be allowed under section 24b both pre and post acquisiton
for more detail refer section 24b.
Thanks Rishi for your comments.
I read somewhere that the Stamp duty charges deduction is allowed under 80c only if the property is a new property and not a resold property, can u pls confirm on that?
I read somewhere that the Stamp duty charges deduction is allowed under 80c only if the property is a new property and not a resold property, can u pls confirm on that?
Property purchased by you is new for you.
therefore, you can claim deduction
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