Taxability u/s 80 c for stamp duty paid- house property

Tax planning 453 views 3 replies

Dear Experts,

I bought a old house and paid stamp duty of Rs. 80000/-, Registration fee of Rs. 16500/-.

Can i get the exemption u/s 80 C? please explain.

Replies (3)

Yes, Assessee can claim exemption u/s.80C(2)(xviii)(d) for Stampduty,Registration fee and Other expenses incurred for the purpose of transfer of such house property to the assessee.

Thanks for the reply. 

I am confused because the wording of the said section says "Acquisition or construction of New residential property"

What you say?

 

No such terminology and Pls see in IT Website


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