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.
Swami Ayyappa Nuli
(TAX ADVISOR & CONSULTANT AT G.S.T SUVIDHA CENTER)
(1372 Points)
Replied 13 October 2014
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.
Amar
(OSD (Finance))
(51 Points)
Replied 13 October 2014
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?
Swami Ayyappa Nuli
(TAX ADVISOR & CONSULTANT AT G.S.T SUVIDHA CENTER)
(1372 Points)
Replied 13 October 2014
No such terminology and Pls see in IT Website
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India